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
Al Firdous Holdings PJSC, formerly Manasek PJSC, is a United Arab Emirates-based public joint stock company that is principally engaged in the business of organizing Hajj and Umrah trips to the holy pilgrimage sites and operation of hotels, as well as organizing Islamic historical tours and Islamic conferences and exhibitions. With effect from July 1, 2010, it signed a memorandum of understanding with Gulf Oasis Reality to manage, operate, and maintain the Oasis Court Hotel Apartments located in Bur Dubai, Emirate of Dubai. As of February 12, 2013, the Company’s major shareholders included Diba Holding LLC, Al Heer Oasis General Trading LLC, Ajyad Management Services LLC, Jebel Al Qala Management Services LLC and Ain Golding LLC, among others.
ALFH - Al Firdous Holdings PJSC
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