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
CareTrust REIT, Inc. is a self-administered, self-managed real estate investment trust (REIT). The Company is engaged in acquiring, financing, developing and owning real property to be leased to third-party tenants in the healthcare sector. The Company owns and leases to independent operators approximately 215 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs), and independent living facilities (ILFs) consisting of 22,727 operational beds and units located in 28 states located in California, Texas, Louisiana, Idaho and Arizona. The Company leases healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company also offers secured mortgage loans to healthcare operators, secured by healthcare-related properties, and secured mezzanine loans secured by membership interests in healthcare-related properties. The Company also owns a multi-facility portfolio of skilled nursing facilities located on the West Coast.
CTRE - CareTrust REIT Inc
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