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
Multiply Group PJSC is a United Arab Emirates-based entity which is primarily engaged in providing advertisement designing and printing services. The Company has four segments which include Communications, Utilities, Driving training and Wellness. Communications segment engaged in advertisement designing, production and commercial publication printing services. Utilities segment includes installation of district cooling and air conditioning, repair district cooling and investment in infrastructure projects. Driving training segment engaged in management and development of motor vehicles driving training. Wellness segment provides health, wholesale cosmetics and make-up trading, women personal care and other grooming related services.
MULTIPLY - Multiply Group PJSC
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