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
Alujain Corporation, formerly Alujain Holding Corporation SJSC, is a Saudi Arabia-based company, which focuses on promotion, development and investment in industrial projects within the petrochemicals, mining, metals and energy sectors. The Company operates through two segments manufacturing of petrochemical products and manufacturing of home care products. The Company’s subsidiaries include National petrochemical Industrial Company, Zain Industries Company, Alujain Company for Investments, and Alujain Industrial Company.
2170 - Alujain Corp
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