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
Compagnie Industrielle et Financiere SA, formerly known as Compagnie Industrielle et Financiere d Entreprises SA, is a France-based holding company active in two main areas: the construction and public works, and the real estate development. The Company’s construction and public works activities are provided through various subsidiaries, such as ETPO SA, Somare SAS, Comabat SAS, Pascal Martin SARL, ETPO Guadeloupe SAS and PICO Ocean Indien SAS, among others. The Company’s subsidiaries engaged in real estate development include Immobiliere Sanitat SARL, Terrasses de l’Ouchette SCI and Les Jardins de Pressense SCI, among others. Compagnie Industrielle et Financiere d’Entreprises SA’s subsidiaries are located in France, Romania, the United States, and in the French Overseas Departments, including Guadeloupe, Martinique, French Guiana and Reunion.
IFDE - Cie Industrielle Financiere Entreprise SA
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