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
Fonciere Euris SA is a France-based holding company primarily engaged in the large-scale retail sector and real estate investments. In the retail sectors, it is present through its direct subsidiary, Rallye SA, and indirect subsidiaries, including Groupe Casino, specialized in the supermarket distribution sector and Groupe Go Sport, a sports retailer operating mainly in France and Poland. The Company is active in the area of leasing commercial real estate assets. Its investment portfolio contains several already operating commercial centers: L’Heure Tranquille, Tours in France; Manufaktura, Lodz in Poland, Beaugrenelle in Paris, France and Riviera in Gdynia, Poland.
LOEX - Fonciere Euris SA
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