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
Gulf Warehousing Co QPSC (GWC) is a Qatar-based public shareholding company that, together with its subsidiaries, is engaged in the provision of set-up, establishment, management, and lease of all types of warehouses for the storage, freight forwarding and other ancillary services. The Company is primarily structured into the following business segments: Logistic Operation, which includes storage, handling, packing and transportation; Freight Forwarding, which includes freight services through land, air and sea, as well as Others, which includes trading and asset management. The Company provides its services to such industries as electronics, food and beverage, healthcare, high value commodities, industrial products, government, retail, oil, gas, chemicals, steel and automotive. The Company’s wholly owned subsidiaries include, among others, Agility WLL and GWC Chemical WLL.
GWCS - Gulf Warehousing Company QPSC
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