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
GIEAG Immobilien AG, formerly known as GIEAG Gewerbe Immobilien Entwicklungs AG, is a Germany-based company engaged in development and operations of real estate in German region. The Company focuses on project development for commercial properties, including offices, retail as well as logistics; and invests in residential real estate with high development potential. The Company’s project development portfolio encompasses MINIMAX-LOGISTIKZENTRUM – Luebeck with total area of 8,400 square meters, OASIS II – Stuttgart with total area of 18,000 square meters, Schkeuditz-Logistik with total area of 95,000 square meters and Emmering-Logistik with a total area of 203,000 square meters. Furthermore, its real estate portfolio includes 52,856 square meters of residential area. Furthermore, the Company also has a portfolio of over 200,000 square meters of completed projects for retail, office and logistics use.
2GI - GIEAG Immobilien AG
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