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
Ajial Real Estate Entertainment Co KSCP is a Kuwait-based public shareholding company that operates in the real estate sector. The Company is engaged in real estate contracting and entertainment activities, as well as related real estate trading activities, including renting, purchase and sale of land and property. It has two subsidiaries, namely Al-Hamra Real Estate Company KSC (Closed) and Al-Hamra Cinema Company KSC (Closed). Its projects include Ajial Mall, Al Hamra and Al Andalus. Ajial Mall is a commercial and entertainment center, built on 6000 square meters plot, providing retail and office space and houses food and beverage offerings, cinema theaters and children’s entertainment center. Al Andalus is a development that includes a shopping mall, a cinema complex, office space, a hotel/serviced apartments, restaurants and entertainment facilities with parking space.
AREC - Ajial Real Estate Entertainment Co KSCP
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