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
Kaspi.kz AO is a Kazakhstan-based company, which operates as holding company for Kaspi Group AO and Kaspi Magazin TOO. The Company operates through two segments. Mass retail offers a wide range of products and financial services to retail customers through a network of branches, offices and automated teller machine (ATM). These products include savings and current accounts, credit cards, car loans and commodity loans, as well as a wide range of insurance policies. Financial services for corporate, middle and small, and other businesses segment, including deposits, overdrafts, loans and other credit services and currency exchange. It is also responsible for the management of non-core and loan portfolios, and performs the asset and liability management function, controlling the Company’s capital and financing, balance sheet position, market risk and liquidity risk.
KSPI - Kaspi.kz AO
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