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
Vornado Realty Trust is a fully-integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all its interests in properties are held by, Vornado Realty L.P. The Company owns and operates office and retail properties with a concentration in the New York City metropolitan area. The Company holds 32.4% interest in Alexanders, Inc. (Alexanders), which owns six properties in the greater New York metropolitan area, as well as interests in other real estate and investments. The Company operates through two segments: New York and Other. The New York segment consists of approximately 26.4 million square feet in 65 properties. It also includes nine garages totaling 1.6 million square feet (4,804 spaces). The Company’s Other Real Estate and Investments consist of approximately 3.7 million square foot theMART in Chicago and 70% controlling interest in 555 California Street, a three-building office complex in San Francisco’s financial district.
VNO - Vornado Realty Trust
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