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 Middle East Bank BSC (BMB or BMB Investment Bank) is a Bahrain-based company engaged in the asset management, private equity investments, equities and fixed income, corporate advisory and trade finance. The Company is organized, along with its subsidiaries, into three business segments: the Trading segment covers investments in listed bonds and equities; the Investing segment covers investments in private equity funds, and the Other operations segment is engaged in investor marketing and renting buildings, among others. In addition, BMB also provides structured and other specially developed products for investment customers.
BMEB - Bahrain Middle East Bank BSC
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