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
National Bank of Bahrain BSC (NBB) is a Bahrain-based bank engaged in the provision of retail and wholesale commercial banking services, treasury and investment activities, as well as investment advisory services. The Bank is organized into three business segments: Personal Banking, Bahrain Business Banking and Treasury & International Banking. The Personal Banking segment provides a range of banking products and services to individual customers in Bahrain. The Bahrain Business Banking segment offers banking products and services to government, corporate and small and medium enterprises in Bahrain. The Treasury & International Banking segment manages the Bank’s liquidity, interest rate, foreign exchange and market risk, and provides banking products and services to Bank’s customers outside Bahrain. In May 2013, NBB and SIO Asset Management Company BSC completed the purchase of The Investment Dar KSC’s (TID) and associated companies shareholding of 51.6% in Bahrain Islamic Bank BSC.
NATB - National Bank of Bahrain BSC
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