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
Asiya Capital Investments Company KSCP, formerly Kuwait China Investment KSCP Co, is a Kuwait-based company engaged in investment activities and related financial services in the Middle East and Asian markets. The Company operates through the following divisions: Private Equity, which provides access to long-term capital, advisory support and a network of strategic contacts to Asian investment companies; Jade Value Partners, a private equity fund of funds dedicated to mainland China; South Asian Real Estate (SARE), an international real estate company that is focused on developing residential real estate in India; Public Equity, which is engaged in public investments and in the management of the Company’s portfolio, as well as Advisory Services, which offers investment advisory services. The Company’s subsidiaries include, among others, Asiya Asset Management (Cayman) Limited, Asiya Gateway Fund Limited and Asiya Managed Account Platform SPC.
ASIYA - Asiya Capital Investments Company KSCP
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