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
Emirates Driving Company PJSC is a United Arab Emirates-based company, which provides road safety education and driving training for all vehicles. The Company is engaged in the management and development of motor vehicle driver training solutions, whose services are geared to nationals and expatriates living in the United Arab Emirates. Its training program includes traffic rules, driving inside and outside cities, and safe driving principles for light vehicle, motorcycle, heavy vehicle and heavy bus. The Company operates through its subsidiaries, including Qeyadah Driving Institute LLC, which offers motor vehicles driving training and services in Abu Dhabi, and Tabieah Properties Investment LLC, which is engaged in the management of investment properties.
DRIVE - Emirates Driving Company PJSC
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