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
IO Kazakhstanskaya Ipotechnaya Kompaniya AO (Kazakhstanskaya Ipotechnaya Kompaniya Ipotechnaya organizatsiya AO, KIK AO or Kazakhstan Mortgage Company JSC or Kazipoteka AO) is a Kazakhstan-based company engaged in the financial sector. It provides loans and mortgages for private clients, as well as factoring services on the basis of license of the National Bank of Kazakhstan. IO Kazakhstanskaya Ipotechnaya Kompaniya AO through its subsidiaries is also engaged in construction sector, as well as in payment systems. The Company operates through numerous representative offices located countrywide.
KZIK - Kazakhstanskaya Zhilishchnaya Kompaniya AO
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