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
Seef Properties BSC is a Bahrain-based public shareholding company engaged in the real estate development and operation sector. The Company is specialized in developing and managing residential, commercial, leisure and recreational facilities. The Company owns and manages the Seef Mall and the Isa Town Mall, which are commercial shopping centers with retail outlets, restaurants, movie theaters and entertainment centers, and the Magic Island recreational facility located within Seef Mall and Isa Town Mall. The Company also owns Fraser Suites Seef Bahrain, which is an apartment tower located in Seef Mall, and is managed by Fraser Suites, a global hospitality brand.
SEEF - Seef Properties BSC
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