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 Hotels Co KPSC, formerly known as Kuwait Hotels Company KSC, is a Kuwait-based company engaged in establishing, operating, trading, renting and investing in hotels, beach cabins, offices, apartments, dwelling houses, gardens, exhibitions at all level in Kuwait and abroad, and furnishing, managing and preparing them for receiving customers. The Company also is involved in the import of all kinds of furniture, foodstuffs, tools, plants and instruments required, as well as undertaking of all services, which give comfort to customers and all other activities. The Company is organized into two business segments: Hotels and Catering services. As of December 31, 2011, the Company operated through its subsidiaries included wholly owned Kuwait Catering Company KSCC, Safat Catering Company KSCC and Safir International Hotel Management Company EC.
KHOT - Kuwait Hotels Co KPSC
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