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
BAHRAIN COMMERCIAL FACILITIES CO. B.S.C. is a Bahrain-based public shareholding company that is engaged in the provision of short-term, medium-term and long-term loans. The Company is engaged into four business segments: Consumer finance segment provides consumer loans and credit cards facilities; Automotive segment trades in motor vehicles and spares, and provides after sale services; Real Estate segment is involved in buying and selling of land and properties and their evaluation services, and the Insurance segment provides insurance brokerage services. The Company provides through its subsidiaries including National Motor Company WLL (NMC). It trades in motor vehicles and spare, and provides after sale services; Tasheelat Insurance Services Company WLL provides insurance brokerage services, and Tasheelat Real Estate Services Company SPC provides real estate related services.
BCFC - Bahrain Commercial Facilities Co BSC
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