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
Jassim Transport & Stevedoring Co KSCC (JTC) is a Kuwait-based company. The company is engaged in inland transportation and stevedoring activities at the ports of Kuwait. The Company operates through four divisions: Ports, which handles over one million freight tons of general cargo from hundreds of ships per annum at Shuwaikh Port covering heavy lift discharged by mobile cranes; Contract Logistics, which operates fleet of trucks providing freight logistics, bulk fuels and customs warehousing services; Equipment Leasing, which leases Leasing fleet of equipment comprises over 1200 assets such as mobile, construction and industrial variants; Power Rental Division that provides temporary power solutions and generators for sectors such as power projects, oil field, and depot power such as industries, military and weddings.
JTC - Jassim Transport & Stevedoring Co KSCC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.