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 Ramz Corporation Investment and Development PJSC is an United Arab Emirates-based company, which invests and manages commercial, industrial and agricultural enterprises. The Company also provides brokerage services, including brokerage in selling and buying shares, margin trading, as well as to perform all related transactions and activities. It offers market making solutions, including liquidity services to listed companies, stock borrow and loans, and dividend arbitrage. The Company operates inside of the country.
ALRAMZ - Al Ramz Corporation Investment and Development PJSC
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