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
Flagship Communities Real Estate Investment Trust (the REIT) is an internally managed open-ended real estate investment trust. The REIT is formed for the purpose of owning and operating a portfolio of manufactured housing communities (MHC) located in Kentucky, Indiana, Ohio, Tennessee, Illinois, Arkansas, and Missouri, including a fleet of manufactured homes for lease to residents of such housing communities. The REIT owns and operates approximately 67 total communities comprising a total of 11,876 lots. Its portfolio includes JACKSONVILLE Anderson Pointe, RIVERTON Hilltop Pointe, SPRINGFIELD Woodland Acres Pointe, EVANSVILLE Carolina Pointe, NEWBURGH Heritage Hills Pointe East, NEWBURGH Heritage Hills Pointe West, SCOTTSBURG Amberly Pointe, NEW SALISBURY Berkshire Pointe, SELLERSBURG Indian Oaks Pointe, SCOTTSBURG Rosewood Pointe, CORYDON Seven Oaks Pointe, COLUMBUS Tannehill Pointe, LOUISVILLE Ashley Pointe, LOUISVILLE Autumn Lake Pointe, and LOUISVILLE Johnsontown Pointe.
MHCu - Flagship Communities Real Estate Investment Trust
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.