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
Warba Capital Holding Co KSC, formerly Boubyan International Industries Holding Company KSCP, is a Kuwait-based shareholding company engaged in the investments in industrial equities in accordance with Islamic sharia principles. The Company is organized, along with its subsidiaries, into two business segments: the Investments segment invests in industrial, utilities, services and other related sectors, in addition to managing the Company’s liquidity requirements, and the Manufacturing and trading segment is engaged in manufacturing of goods and providing services. The Company’s activities include, among others, the ownership of shares and equities of Kuwaiti or foreign companies, and the ownership of industrial rights and property, such as patents, industrial trademarks, industrial fees or other rights related to the same and lease them to other companies for use inside and outside Kuwait.
WARBA - Warba Capital Holding Co KSC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.