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
KAMCO Investment Co KSCP is a Kuwait-based company, which is engaged in the provision of investment and financial services. The Company is organized into three business segments: the Financial services segment provides a range of corporate finance services, including mergers and acquisitions, underwriting, private placements, project and investment evaluation and consulting; the Asset management segment provides services for both local and international market, which include securities trading, derivatives trading, portfolio structuring and asset allocation advise, mutual funds and alternative instruments, as well as the Strategic investments and corporate overheads segment, which includes long term investments and support services. The Company operates through its subsidiaries, which are located in Kuwait and in the United Arab Emirates.
KAMC - KAMCO Investment Co KSCP
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