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
Kuwait Real Estate Holding Co KPSC (Al Aqaria) is a Kuwait-based public shareholding company primarily engaged, together with its subsidiaries, in real estate project management, maintenance and construction services. Its business divisions include Direct Investment, which carries out project valuation and feasibility studies, establishment and sale of companies, mergers and acquisitions, capital restructuring, cooperation with other companies for private and public offering, and project financing, and Business Development, which is engaged in strategic planning and development, marketing investment products, and identifying new investment opportunities. Its subsidiaries are Al Omran Real Estate Development Company KSC (Closed), engaged in investment and development of real estates; Time Line Project Management KSC, engaged in project management and maintenance, and First National for consulting Co KSC (Closed), engaged in management consulting, among other.
ALAQ - Kuwait Real Estate Holding Company KPSC
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