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
Coreo AG is a Germany-based investment company engaged in the real estate sector. The Company’s investment strategy is focused on the acquisition and management of commercial real estate, in particular office and retail properties in Germany’s business centers, with the goal of generating stable long-term rental income. In addition, the Company invests in residential properties in major German conurbations. The Company’s commercial property portfolio consists of approximately 52.000 square meters of leasable space. The residential property portfolio totals approximately 20.000 square meters of leasable space. The Company can also hold non-strategic properties for resale.
COR2 - Coreo AG
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