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
Finatis SA is a holding company with interests in the commercial property investment, food and sport goods distribution. The Company is operational through three main companies: Groupe Casino, engaged in the food distribution, which is present in France, through a number of entities, such as Casino, Geant Casino, Petit Casino, Monoprix, Franprix and Leader Price, as well as in the international market, mainly in the Latin America and South Asia, through CBD, Exito and Big C; Groupe Go Sport, engaged in sport goods distribution, present in France and Poland through Go Sport and Courir; as well as Fonciere Euris, engaged in the real estate, food distribution and investment activities. Finatis owns through Fonciere Euris and Rallye property assets (mainly shopping malls) and investment of private equity portfolio.
LINP - Finatis SA
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