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
Saudi Cable Company SJSC is a Saudi Arabia-based entity which is primarily engaged in the manufacture and supply of electrical and telecommunication cables, copper rod, polyvinyl chloride (PVC) compounds, wooden reels and related products. The Company has two segments which include Sale of manufactured goods and Turnkey power and telecommunication projects. The Company’s products includes power cables, fire retardant and halogen acid gas-free cables, bare and insulated copper cables, fiber-optic and copper conductor communication cables, and copper and aluminum conductors, among others. It is also engaged in the contracting, trading, distribution and supply electronic products, information technology products and related accessories. The Company is delivered products and services to utilities, military, industrial, oil, gas, electrical, communication and commercial companies.
2110 - Saudi Cable Company SJSC
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