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 Reem Investments PJSC is a United Arab Emirates-based entity which is primarily engaged in bottling and selling mineral water. The Company has three reportable segments which includes Corporate segment, which involves investing activities. Land and building leasing segment, which involves the segment of leasing investment property warehouses; and Operations segment, which involves the segment of bottling, distribution and trading of mineral water, and evaporated milk. The Company has two wholly owned subsidiaries which includes Jeema Refreshments LLC and Emirates Refreshments LLC in the United Arab Emirates (UAE).
ERC - Emirates Reem Investments PJSC
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