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
GPS Alliance Holdings Limited is a Singapore-based real estate service provider. The Company offers integrated property solutions encompassing real estate consultancy, home furnishing, as well as property management and development in Singapore and Malaysia. The Company’s principal activities are the provision of services as real estate agency, the provision of real estate and other activities in the property services sector. It has three divisions. Real Estate Agency division provides real estate services, including corporate leasing services, investment sales, commercial and industrial sales, en-bloc sales, full-time sales, training and seminars, and local and international project sales. It provides consultancy services to investors and property developers in Singapore. It provides marketing and sales services to property development projects in Singapore. Home Solutions division provides kitchen and wardrobe cabinets, and interior design and fit-out works to projects in Singapore.
GPS - GPS Alliance Holdings Ltd
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