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
Kazakhstanskaya Fondovaya Birzha AO is a Kazakhstan-based company, which is primarily involved in the financial market operations industry. The Company operates as a securities exchange platform. The Company’s market scope is represented by foreign currencies, shares, corporate bonds, government securities, repo operations, derivatives, among others. The Company is licensed in various financial markets activities, such as organization of trade in securities and other financial instruments; clearing on deals in financial instruments on the securities market; opening and keeping correspondent accounts of banks and organizations, implementing certain types of banking operations; implementation of orders of individuals and legal entities on payments and money transfers; opening and keeping bank accounts of legal entities, among others.
KASE - Kazakhstanskaya Fondovaya Birzha AO
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