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
Rakhat AO (Rakhat JSC) is a Kazakhstan-based company engaged in the production and distribution of confectionery products. The Company’s product portfolio consists of chocolate and non-chocolate products, such as caramel, candies, sweets, waffles, biscuits, fruit jellies, cookies, marshmallows, as well as semi-products, including cocoa-powder and cocoa butter. The Company offers also sugar-free products, such as waffles, sweets, biscuits, and chocolate. Rakhat AO operates through such subsidiaries as: Rakhat-Shymkent TOO, Rakhat-TR TOO and Rakhat-Aktobe TOO, among others. The Company’s major shareholder is Lotte Confectionery Co Ltd with a stake of 76%.
RAHT - LOTTE Rakhat AO
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