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
KBC Global Limited is an India-based company that is engaged in the business of real estate development and construction contracts. The Company’s segments include Development of Real Estate Property and Civil Contracting Business. Its real estate development includes residential projects and residential projects cum office space. The Company’s ongoing projects include Hari Gokuldham, Hari Vishwa, Hari Om ll, Hari Sagar, Hari Vasant – Twin Towers, Hari Bhakti, Hari Siddhi, Hari Sanskruti ll, Hari Nakshtra-l Eastext Township, Hari Nakshtra-ll Eastext Township, Hari Laxmi, Hari Niketan ll, Destination one Mall, Hari Anandvan, Hari Aakruti ll, Hari Nisarg, Hari Krishna IV, Hari Kunj Mayflower, Hari Sparsh 4, Hari Aangan and Karda highstreet. Its completed projects include Hari Sanskruti, Hari Anand, Hari Krishna lll, Hari Sparsh lll, Hari Smruti, Hari Aakruti, Hari Kiran, Hari Amantran, Hari Amantran, Hari Vatika and others.
KBCG - KBC Global Ltd
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