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
ENBD REIT CEIC Plc is a United Arab Emirates-based Shari’a compliant real estate investment trust. It is a closed-ended investment company that invests in a diversified portfolio of Shari’a compliant real estate, with a primary focus in the United Arab Emirates. The Company’s portfolio is comprised of more than six commercial and residential properties located in Dubai. Its properties include: Al Thuraya Tower 1, a commercial tower located in Dubai Media City with views over Barsha Heights and Palm Jumeriah; Burj Daman, an office building; Arabian Oryx House, a residential tower with more than 127 units in the free zone Barsha Heights, Dubai; Binghatti Terraces, a residential tower with more than 200 residential and more than four retail units in Dubai Silicon Oasis; DHCC 49, a commercial complex located in Dubai Healthcare City free zone in Dubai; DHCC 25, a commercial tower located in the Dubai Healthcare City free zone, and Remraam Residential, comprised of residential towers.
ENBDREIT - ENBD REIT (CEIC) PLC
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