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
Dar Al Thuraya Real Estate Co KPSC is a Kuwait-based company, which is engaged in the real estate sector in compliance with the Islamic Shariah principles. The Company’s activities include: acquisition, sale and purchase of land, shares and bonds of real estate companies, and development of real estate; preparing studies and providing consultancy in the real estate sector; maintenance activities, including civil, mechanical, electrical, elevators and air conditioning; organizing real estate exhibitions related to the Company’s projects; arranging real estate auctions, as well as acquisition and management of commercial malls and residential complexes. In addition, the Company invests its surplus funds in portfolios managed by specialized companies and entities. The Company is a subsidiary of Al-Madar Finance and Investment Company KSCC. The Company’s subsidiary is Al Murooj Gulf Trading LLC, which is an Oman-based company engaged in the construction and building contracts sector.
THURY - Dar Al Thuraya Real Estate Co KSCP
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