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
InCity Immobilien AG is a Germany-based company engaged in the real estate sector. The Company’s main activities comprise the investment and management, with partners, of undervalued residential and commercial real estate properties in metropolitan cities across Germany in order to add value to them and gain profit on their further resale or leasing. The investments are primarily engaged in Hamburg, Stutgart and Franfurt/Rehin-Main. The Company is majority-owned by Haron Holding AG and operates a number of wholly owned subsidiaries.
IC8Gn - InCity Immobilien AG
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