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
Al Deera Holding Co KPSC is a Kuwait-based public shareholding company engaged in investment activities. The Company is organized, along with its subsidiaries into two business segments: Telecommunications and Investment. The Company focuses on private equity investments in diversified sectors, such as Financial Services, Aviation, Industrial, Oil & Gas, Media & Technology, Real Estate, Retail and Services. The Company is primarily involved in the provision of loans to investee companies, and guarantees for third parties; the acquisition of industrial rights and related intellectual properties, other industrial trademarks or royalties, and renting such properties to others inside or outside Kuwait; the acquisition of properties and buildings; the ownership of shares in Kuwaiti and foreign shareholding companies, and utilizing excess funds through investing in financial portfolios managed by specialized companies and institutions.
DEER - Al-Deera Holding Company KPSC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.