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
Qatar Cinema and Film Distribution Co QPSC is a Qatar-based public shareholding company engaged in the field of arts and cultural entertainment. The Company operates in two segments, namely movies playing and investment. The Company is involved in the business of importing and distributing cinema movies, sale and rent of movies recorded on compact disks’ (CD’s), manage cinemas and theaters. The Company also produces and distributes various commercial advertisements and invests in quoted shares and real estate. The Company owns five independent cinemas, namely Aspire Ladies Cinema, Gulf / Doha Cinema, Landmark Cinema, Royal Plaza Cinema, and The Mall Cinema.
QCFD - Qatar Cinema and Film Distribution Co QPSC
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