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
Tanger Inc., formerly Tanger Factory Outlet Centers, Inc., is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company is an owner and operator of outlet centers in the United States and Canada. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. Its outlet centers and other assets are held by, and all of its operations are conducted by Tanger Properties Limited Partnership and subsidiaries (Operating Partnership). It is an operator of upscale open-air outlet centers that owns (or has an ownership interest in) and/or manages a portfolio of about 36 centers with an additional center under development. Its operating properties are located in 20 states and in Canada, totaling about 13.9 million square feet, leased to over 2,700 stores operated by more than 600 different brand name companies. Its consolidated outlet centers include Deer Park, New York, Riverhead, New York, Foley, Alabama, and others.
SKT - Tanger Inc
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