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
Scheerders Van Kerchove’s Verenigde Fabrieken NV is a Belgium-based company that manufactures and sells building materials for the construction industry. The Company’s products include: fibre cement facade panels, such as Ornimat, Decoboard, Puro Plus and Colormat, offered in a range of sizes, colors and shapes to fit a number of designs; facing bricks, such as Argilo Verdo, Arisan, Shades of Grey and Terranova, made out of clay; facade slates, such as Fasonit and Ardonit (facade); facade roof, such as Ardonit (roof) and Montana, for covering sloping roofs; fiber cement corrugated sheets, for protecting the roof against extreme weather conditions, as well as architectonic concrete. The Company’s products are used in both residential and non-residential construction.
SCHK - Scheerders Van Kerchove's Verenigde Fabrieken NV
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