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 Madar Investment Co. K.S.C, formerly Al Madar Finance and Investment Co KSCP is engaged in the provision of investment and financial services in accordance with Islamic Sharia principles. The Company’s products and services are structured into four business segments: Real estate segment, which is engaged in buying, selling, capital appreciation and investing in real estate; Investment segment, which is engaged in investment in subsidiaries, associates and equity securities; Corporate finance segment, which is engaged in providing finance to companies by using the different Islamic financing instruments, i.e. Murabaha, Wakala, future sales and other contracts, and Others segment, which includes revenues and expenses that are not included under the above sectors. The Company’s subsidiaries include Dar Al-Thuraya Real Estate Company K.S.C.P., Al Madar Real Estate Development Company K.S.C. and Al Thuraya for Warehousing and Refrigeration Company K.S.C., among others.
MADR - Al Madar Finance and Investment Co KSCP
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