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
Alkhabeer REIT Fund is a Saudi Arabia-based closed ended Sharia compliant real estate investment traded fund. The Fund focuses to generate rental income and periodic cash distributions of not less than 90 % of the Funds annual net profits, by investing not less than 75 % of the Funds total assets in income generating real estate assets in the Kingdom of Saudi Arabia excluding Makkah and Medina. The Fund is Managed by Alkhabeer Capital. The Funds portfolio includes following properties Almalqa Residential Complex in Riyadh, Gallery Mall in Tabuk, Palazzo Center in Riyadh, HomeWorks Center in Riyadh, Ahlan Court in Jeddah, BIN II Plaza in Jeddah, and Elite Commercial Center in Jeddah, Elegance Tower, Al Farabi Colleges, Al Farabi Colleges Training Building , and Vision Colleges Education Jeddah, among others.
4348 - Alkhabeer REIT Fund
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