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
Immo Beaulieu NV is a Belgium-based company. The Company is primarily engaged in the issuing of Beaulieu-Avenue, which is a real estate certificate issued by the Company Immo-Beaulieu. The Company’s activities consist of issuing certificates that gives the right to a quota of the distributions and determined property deals income. Real estate certificates are mainly offered to investors through a bid and are listed on the Brussels Euronext Regulated Market. Some are offered through a private offer. Immo-Beaulieu issues real estate certificates that are admitted to trading on the Brussels Euronext Regulated Market, being specified that the shares constituting the capital of the Company Immo-Beaulieu are neither offered to the public nor, a fortiori, admitted to trading on a regulated market.
BLIEc - Immo Beaulieu NV
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