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
Middle East Paper Manufacturing and Production Company is a Saudi Arabia-based company engaged in the production and sale of container board and industrial paper. The Company operates two segments: Manufacturing and Trading. The Manufacturing segment represents manufacturing of container board and industrial paper. The Trading segment represents wholesale and retail sales of paper, carton, and plastic waste. The Company operates two subsidiaries: Waste Collection and Recycling Company Limited and Special Achievements Company Limited.
1202 - Middle East Company for Manufacturing and Producing Paper SJSC
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