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
Credit Rating and Collection Co KSCP (CRC) is a Kuwait-based company which is primarily engaged in credit rating and collection, as well as investment activities in accordance with Islamic Sharia principles. The Company is involved in collecting and purchasing trade debts. Developing, utilizing, and providing collection and debt purchase methods. Gathering, providing, and updating financial information and credit rating. Providing independent professional opinions about competence of the institutions and abilities to fulfill their financial obligations and follow up the rules of transparency. The Company’s services include invoice management, direct collection, special & executive collection, skip tracing, legal action, international collection, debt remedial & risk management, credit rating, call centers, etc.
TAHS - Credit Rating and Collection Co KSCP
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