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 Argan International Real Estate Co KSCP (ALARGAN) is a Kuwait-based company engaged in the real estate development sector. The Company focuses on the purchase, sale, ownership and development of real estate and lands, as well as purchase, sale and ownership of shares and bonds of real estate companies; preparation of studies and provision of consultancy services in the field of real estate; offering maintenance services related to buildings and properties; organizing real estate exhibitions specialized for the Company’s projects; ownership and management of housing complexes and commercial markets; trading in construction equipments and materials, and carrying out civil, mechanical, electrical and plumbing contract works, as well as other activities related to elevators, air conditioners and aluminium. The Company is also engaged in the ownership, management, rent and lease of hotels, health clubs and other tourist facilities.
ARGK - Al Argan International Real Estate Company KSCP
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