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
Dalqan Real Estate Company KSCP is a Kuwait-based company engaged in the real estate development sector. The Company is involved in the real estate activities include contract, management and maintenance of real estate, such as commercial, residential and touristic projects. The Company also undertakes security for public and private real estate, transfer money and precious metals, as well as maintenance of mechanical parts, and electrical and construction materials. The Company invests its surplus fund in companies or real estate or portfolios managed by investment managers and funds inside and outside Kuwait.
DALQ - Dalqan Real Estate Company KSCP
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