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
ACRES Commercial Realty Corp. is a real estate finance company. The Company is primarily focused on originating, holding and managing commercial real estate (CRE), mortgage loans and equity investments in commercial real estate property. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp. The Company’s subsidiaries include 2501-2901 Renaissance JV, LLC, 2901 Renaissance Holdings 1 LLC, 2901 Renaissance Holdings 2 LLC, 2901 Renaissance, LLC, 209 West Jackson Holdings, LLC, ACRES 2100 Holdings, LLC, ACRES Commercial Realty 2021-FL1 Holder, LLC, ACRES Commercial Realty 2021-FL1 Issuer, Ltd., ACRES Commercial Realty 2021-FL1 Co-Issuer, LLC, ACRES Commercial Realty 2021-FL2 Holder, LLC, ACRES Commercial Realty 2021-FL2 Issuer, Ltd., ACRES Commercial Realty 2021-FL2 Co-Issuer, LLC, ACRES FSU, LLC, ACRES Real Estate TRS 9 LLC, ACRES Real Estate SPE 10, LLC, ACRES Renaissance Holdings, LLC, Exantas Real Estate TRS, Inc. and Innovation 2100 LLC.
ACR - Acres Commercial Realty Corp
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