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
Gyrodyne, LLC owns and manages a diversified portfolio of real estate properties comprising medical office, industrial and service-oriented properties in the New York metropolitan area. The Company’s primary business is the management of a portfolio of medical office and industrial properties and the pursuit of entitlements on such properties located in Suffolk (Flowerfield) and Westchester (Cortlandt Manor) Counties. The Company owns and operates Cortlandt Manor, which consists of approximately 13.8 acres in Cortlandt Manor, New York, including 31,000 square foot Cortlandt Medical Center, and Flowerfield, which consists of approximately 63 acres in St. James, New York, including a 14-acre multi-tenanted industrial park comprising over 135,000 rentable square feet.
GYRO - Gyrodyne LLC
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