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
Commercial Real Estate Co KPSC (Al-Tijaria) is a Kuwait-based shareholding company engaged in the real estate sector. The Company is organized into two business segments: real estate and investment. The Company focuses on various activities in real estate, agricultural, industrial and commercial industries; carries out contracting, road and building construction, including sale, purchase and lease of land and real estate property; invests its surplus funds in financial portfolios managed by specialized companies and financial institutions, and establishes real estate funds and portfolios. The Company’s projects include Symphony, Al-Tijaria Tower, Juman Residential Complex, Ruba Residential Complex and Al Dome, among others.
TIJK - Commercial Real Estate Co KPSC
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