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
F I P P SA is a France-based company involved in cash investment. Originally it was engaged in diversified financial, industrial and commercial operations. Expropriated during the Second World War, the Company, which became FIPP (Financiere et Industrielle de Petrole et de Pharmacie), has since that date hoped to be indemnified by the Russian government. In December 1999, the French Parliament decided to pass a law making provision for compensation to the victims of the Second World War (including FIPP). On December 19, 2008, FIPP filed a case in the European Court. The proceeding to receive compensation was declared as inadmissible on September 9, 2010 and since then, the Company’s activities are based mainly on cash investment. In April 2014, it announced the acquisition of 50,62% of France Tourisme Immobilier and sale of properties in Blanc-Mesnil and on rue de Chazelles in Paris.
FIPP - F I P P SA
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