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
Mazaya Real Estate Development Q.P.S.C, formerly Mazaya Qatar Real Estate Development QSC, is a Qatar-based company engaged in the real estate development sector. The Company operates an agreement with the provisions of the Islamic law, and specializes in real estate investment and development as the establishment of residential, commercial and industrial compounds, real estate studies and consulting, contracting, maintenance, brokerages and commission agencies, property-related commercial and real estate representation, marketing, buildings and facilities management, mechanical and electrical equipment and appliances, import and export related to company purposes, and investment of company funds. The Company’s wholly owned subsidiaries include Qortuba Real Estate Investment Company W.L.L, Gulf Spring Real Estate Investment and Development Company W.L.L., Granada Real Estate Investment Company W.L.L. and Mazaya Lebanon for Tourism Development and Real
MRDS - Mazaya Real Estate Development QPSC
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.