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
Kadestone Capital Corp. is a Canada-based real estate investment and development company. The Company is engaged in the development, acquisition and management of residential and commercial income producing properties within urban centers that is focused on Metro Vancouver market in Canada. The Company operates complimentary business lines spanning building materials procurement and supply, property development and construction, construction finance, asset ownership and property management.
KDSX - Kadestone Capital Corp
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