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
Al Khaleej Investment Co PJSC, formerly Gulf Livestock Co PSC, is a United Arab Emirates-based company engaged in the cattle and sheep trade, dairy products and trading in fish, chilled and frozen meet. The Company operates through its headquarter in Ras Al Khaimah and through its branch in Sharjah. The Company is owned 47% by multiple companies, 5% by the Government of Ras Al Khaimah and 48% by individuals.
KICO - Al Khaleej Investment Company PJSC
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