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
SM Wirtschaftsberatungs AG is a Germany-based financial services company involved in the real estate sector. It divides its activities into two areas: residential real estate management and investment activities. The primary focus of the Company’s real estate activities is in the new German federal states like Saxony, as well as in Baden-Wuerttemberg. In Baden-Wuerttemberg region, the Company specializes in the field of conversion of historic building stock into condominiums. Furthermore, the Company also provides consulting services in the field of real estate portfolio management. The investment activities area focuses on investments in third companies. The majority shareholder of the Company is RCM Beteiligungs AG.
SMWN - SM Wirtschaftsberatungs AG
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