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
Amar Finance and Leasing Company KSCP (Amar) is a Kuwait-based financial institution that is engaged in the provision of commercial and residential real-estate market, offering financial solutions to real-estate companies, as well as to real-estate investors and home buyers. The Company’s various services include Structured Finance, Investment Placement, Real Estate Project Finance, Real Estate Investment Services, Amar Real Estate Fund and Real Estate Advisory Services. It is also involved in providing Senior-subordinated financial structure, Mezzanine financing with second mortgage, Standby facilities and Sale-leaseback transactions. Amar Finance and Leasing Company KSCP provides its products and solutions in compliance with Islamic Sharia Law.
AMARF - Amar Finance and Leasing Company KSCP
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