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
Kuwait Business Town Real Estate Co KPSC is a Kuwait-based entity which is primarily engaged in operating in the real estate sector. The Company has three operating segments which include Investment, real estate and consumer goods. The Company is engaged in the purchase, sale, lease and rent of property; construction of private and public buildings and projects directly or through subcontractors within and outside Kuwait, and managing, leasing and rental of hotels, health clubs, and touristic facilities.
KBTK - Kuwait Business Town Real Estate Co KPSC
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