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
Bank of Sharjah PJSC is a United Arab Emirates-based financial institution that provides commercial and investment banking services. The Bank is organized into two main business segments: the Commercial banking segment provides loans, and other credit facilities, deposits and current accounts for corporate, government, institutional and individual customers, and the Investment banking segment involves the management of the Bank’s investment portfolio. The Bank operates through a network of five branches located across the United Arab Emirates. The Bank’s subsidiaries include wholly owned BOS Real Estate FZC, BOS Capital FZC, Polyco General Trading LLC and Borealis Gulf FZC, and 67.33%-owned Emirates Lebanon Bank SAL.
BOS - Bank of Sharjah PJSC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.