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
UniCap Investment and Finance Co KSCP, formerly Housing Finance Co KSCP, is a Kuwait-based company engaged in financial activities, investment services and real estate operations. The Company’s Investment division is structured into the following: the Asset Management & Investment division, which manages a range of investment portfolios that cover different asset classes and investment themes, such as equities, private equities, shared portfolio, real estate portfolio and funds, as well as the Masaref Investment Fund division, which seeks capital growth by investing mainly in shares of listed and non-listed banks. In addition, the Company provides short, medium and long term loans to corporate, institutional and private sector customers for various purposes, such as purchase of land property, real estate, industrial and others.
UNIC - UniCap Investment and Finance Co KSCP
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