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
Commercial Facilities Co SAKP (CFC) is a Kuwait-based public shareholding company engaged in the provision of consumer installment credit facilities and other related services. The Company’s services portfolio falls into four divisions, including Consumer Loans, which offers loans to finance new and used cars, furniture and electrical appliances and marine equipment; Cash Loans, which offers personal cash loan to individuals to finance personal products; Commercial Loans, which targets organizations with commercial activities, and offers long-term financing, and Basic Materials Loans, which offers financing services for basic materials to perform renovation and construction or build a new home. The Company also offers its services through online. The Company operates through its head office and a network branches located across Kuwait.
FACI - Commercial Facilities Company SAK
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