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
Crosswood SA is a France-based real estate company primarily engaged in property development. The Company’s main assets are offices, commercial buildings and houses. The Company operates through its subsidiaries, including SAS Hailaust & Gutzeit (100%), SCI Val Sans Retour (100%), SCI Villiers Luats (99.9%), SCI MP Maeva (100%), SNC DG Immo (100%), SNC Foch Le Sueur (100%) and SCI Dieu Vendome (87%). Crosswood SA has also a 30.76% direct interest in SA Societe Centrale Des Bois & Scieries de La Manche. The Company’s properties are located in Bordeaux, Dijon, Lyon and Nancy, Nice, Reims and Toulouse, among others. As of December 31, 2011, the Company was 51.2%-owned by CFB and 43.51%-owned by Fonciere Vindi. In August 2013, it sold the Montivilliers site.
CROS - Crosswood SA
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