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
SICO Saudi REIT Fund, formerly Al Masha’ar REIT, is a Saudi Arabia-based closed-ended Shari ah-compliant real estate investment traded fund. The main objective of the Fund is to provide current income to investors by investing in real estate mainly in Saudi Arabia. The Company invests in developed and ready-to-use real estate assets.
4337 - SICO Saudi REIT Fund
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