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
Qatari Investors Group QPSC, formerly Qatari Investors Group QSC, is a Qatar-based company primarily engaged in investing in shares and other financial instruments, managing and providing support to its subsidiaries, ownership, leasing of patent, trademarks and investment properties. It operates in following segments: Real estate, Marine Services, Industrial, Contracting and Technology, Trading and Others. The Real Estate segment focuses on purchase, construction and selling of lands and buildings. The Marine services segment provides shipping, logistics, marine and aviation services. The Industrial segment involved in general industrial activity. The Contracting and Technology segment provides Supply and installation of security system. The Trading segment includes trading of sports equipment etc. The Others segment involves in investments in agencies, sponsorship shares and engineering businesses. Its products include ordinary Portland cement (OPC) and blended cements, among others.
QIGD - Qatari Investors Group QPSC
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