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
Ladun Investment Company SJSC is a Saudi Arabia-based company, which is engaged in the management and leasing of owned or rented residential properties, leasing of owned or non-residential leasing, real estate development activities and real estate investment. The Company’s subsidiaries include Built Contracting Company, Bennett Operation and Maintenance Company, Three Bees Hotel Company and Lak Investment Trading Company.
9535 - Ladun Investment Company SCJSC
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