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
Automated Systems Co KPSC (ASC) is a Kuwait-based company engaged in the operation of computerized passenger reservation systems, trading in automation equipment and secondment of staff. The Company is organized into four business segments: the Computerized passenger reservation system segment comprises of installation, operation and maintenance of airline passenger ticketing system; the Secondment of personnel segment comprises of deployment of staff of secondment; the Investments segment comprises of investments in local equity funds, and shares and funds managed by portfolio managers, and the Other operations segment comprises of sale of customer flow management equipment and accounting packages. The Company is a subsidiary of Kuwait Airways Corporation.
ASCK - Automated Systems Company KPSC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.