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
Masraf Al Rayan QPSC (Masraf) is a Qatar-based Islamic bank engaged in the provision of banking, financial, investment and brokerage services. The Bank operates in three segments: the Corporate Banking segment provides a range of Islamic funded and non-funded credit facilities, deposit services, investment advisory, currency exchange facilities, profit rate swaps, financing syndication and other services to corporate, commercial and multinational customers; the Retail banking segment provides investment accounts services, credit card and Islamic financing to retail and individual customers, and the Al Rayan Investment segment is structured into two divisions: the management of the Bank’s portfolio of listed and private equities and funds, sukuk and real estate investments, and the development and operation of the Bank’s investment products, asset management and investment placement business.
MARK - Masraf Al Rayan QPSC
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