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
RPT Realty is a fully integrated and self-administered real estate investment trust. The Company’s primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. The Company owns and operates a national portfolio of open-air shopping destinations principally located in the United States markets. Its shopping centers offer diverse, locally curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company’s retail partners. The Company’s property portfolio consists of approximately 44 wholly owned shopping centers, 13 shopping centers owned through its grocery-anchored joint venture, 48 retail properties owned through its net lease joint venture and one net lease retail property, which together represent approximately 15 million square feet of gross leasable area. It conducts substantially all of its business through its operating partnership, RPT Realty, L.P.
RPT - RPT Realty
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