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
Deyaar Development PJSC (Deyaar) is a United Arab Emirates-based public joint stock company engaged in the real estate development sector. The Company operates in three business segments: Property development, electrical and mechanical works, and properties and facilities management. In additions, the Company is also involved in the provision of brokering services. The Company’s project portfolio includes multiple mid-sized community projects, as well as iconic residential and commercial tower developments. The Company develops commercial and residential projects across the United Arab Emirates, as well as international markets, such as Turkey, Lebanon, the United Kingdom, Saudi Arabia, India and Qatar. The Company’s projects include, among others, the Burlington and Fairview Residency. In June, 2014, the Company announced the sale of its 5.98 acres land in Huston. In September, 2014, the Company sold residential units in tower-one of the Montrose project.
DEYR - Deyaar Development PJSC
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