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
Khandwala Securities Limited is a diversified financial services company. The Company is engaged in the business of providing stock broking services, investment banking, portfolio management service and investment advisory services. Its segments include Fee based Operations and Investment / Stock Operations. Fee based division provides financial advisory services relating to mergers and acquisitions, equity and debt issue management, portfolio management and broking. Investment and Stock division carries out trading, investing and speculation activities in capital markets (debt and equity) for the Company. Its products and services include equity, derivatives, portfolio management services, mutual funds, initial public offering (IPO) advisory and distribution, insurance, structured products, depository, third-party product distribution and others. Its online trading portal is available on desktop, smartphones and tablets that includes KSL EazyTrade, KSL Prive and KSL EazyTrade Browser.
KHSE - Khandwala Securities Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.