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 TsentrKredit AO (Bank CenterCredit JSC) is a Kazakhstan-based commercial bank. The Bank’s primary business consists of corporate and retail banking. Its corporate banking activities include a range of wholesale banking products to a diversified group of domestic customers, primarily small and medium sized companies. The Bank’s retail banking activities and products include retail lending, deposit taking and credit and debit cards. The Bank is also active in the fixed income securities market and foreign currency markets in Kazakhstan. The Company operates domestically and in the Russian Federation, Kirgizstan and Ukraine. In July 2013, it liquidated its subsidiary, CenterCredit International BV.
CCBN - Bank TsentrKredit AO
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