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
BRT Apartments Corp. is a real estate investment trust (REIT). The Company owns, operates, and to a lesser extent, holds interests in joint ventures that own and operate multi-family properties. The Company owns approximately 29 multi-family properties located in 11 states which are located in the Southeast United States and Texas. The Company’s multi-family properties are garden apartments, mid-rise, or townhome-style properties that provide residents with amenities, such as a clubhouse, swimming pool, laundry facilities, and cable television access. The Company’s properties include Verandas at Alamo, Vanguard Heights, Jackson Square, Brixworth at Bridge Street, Woodland Apartments, Grove at River Place, Civic Center I, Civic Center II, Abbotts Run, Somerset at Trussville, and Magnolia Pointe at Madison.
BRT - BRT Apartments Corp
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