Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Kuwait Telecommunications Company KSCP is a Kuwait-based company engaged in the provision of cellular mobile telecommunication and data services in accordance with the principles of Islamic Shari’a. The Company focuses on the purchase, supply, install, operate and maintain wireless telecommunications devices and equipment (mobile telecommunications, calling system and other wireless services). The Company’s offerings are structured into two divisions: Personal, which includes postpaid, prepaid, fourth generation long-term evolution (4G LTE), devices, iPhone, surf on, promotions, rewards and other related services, and Business, which includes voice solutions, Internet services, smart solutions, business solutions. The Company is a subsidiary of Saudi Telecommunications Company.
STC - Kuwait Telecommunications Company KSCP
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