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
Bayan Investment Holding Co KSCP is a Kuwait-based company engaged in investment and portfolio management activities as well as investment in real estate. The Company’s activities are divided into four segments which include Investment operations which is engaged in investing in securities, portfolios and funds; Asset Management and Advisory Services focused on investing and managing client portfolios and funds, corporate finance, investment advisory and research; Real estate segment focused in holding investment properties for capital appreciation and selling other properties; and Industrial segment which is engaged in production and manufacturing of ferrite and geese materials and selling them in the ordinary course of business. The Company offers statistics and information targeting the business community inside and outside of Kuwait. It also provides a detailed vision on the economic facts affecting the different investment decisions.
BAYK - Bayan Investment Holding Co KSCP
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