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
Salam International Investment QPSC is a Qatar-based public shareholding company, which is engaged in a number of industrial sectors. The Company establishes, incorporates, acquires, and owns enterprises in the commercial, industrial, educational, real estate, financial and service sectors. The Company operates in the areas of contracting, energy and power, consumer and luxury products, technology and communication, as well as real estate and investments. Its investment portfolio consists of direct and indirect investments. The Company owns and manages more than 33 business units. The Company’s operations are spread across Qatar, the United Arab Emirates, Palestine, Kuwait, Saudi Arabia, Oman, Bahrain, Jordan and Lebanon.
SALM - Salam International Investment QPSC
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