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
Halmont Properties Corporation is a Canada-based company that invests directly and indirectly in real assets, including commercial, forest and residential properties, Corporate Investments, and Property Loans and Other. The Company’s directly owned commercial real estate assets consist of approximately four heritage commercial buildings. The Company’s investment in forest properties consists of a 40% equity interest in Haliburton Forest & Wildlife Reserve Limited (Haliburton Forest), as well as a convertible preferred share equity interest in Macer Forest Holdings Inc. The Company also has a 60% limited net profit partnership interest in the redevelopment of the peripheral lands of the Muskoka Grandview Resort in Huntsville, Ontario. The Company, through its subsidiary, holds an indirect interest in corporations owning and providing investment management services principally in the property and infrastructure sectors.
HMT - Halmont Properties Corp
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