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
IF Dom YURTA AO, formerly IFD Resmi AO is a Kazakhstan-based company engaged in the provision of services in the financial market. It offers brokerage services, asset management, investment fund management, investment banking, initial placement of share and bond issues, as well as financial consulting and marketing research, among others. The Company’s portfolio included interval investment mutual funds Monetnyi Dvor and Zarplatnyi. The Company provides also RESMI ON-line Broker platform and mobile application.
IFDR - IF Dom YURTA AO
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