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
Al-Babtain Power & Telecommunication Company SJSC is engaged in establishing and repairing of stations and towers of wired and wireless communication, and radars. The Company operates in following segments: Towers and metal structures segments, which incudes the production and testing of power transmission towers, galvanized communication towers and galvanized steel structures; Poles and lighting segment, which include the production and galvanization of electricity and lighting poles, masts and accessories, in addition to the production of street lighting lanterns, playgrounds, gardens and electricity distribution panels; Design supply and installation segments, which includes the supply, installation, and maintenance of telecommunication systems; Solar energy segments, which includes the production of moving metal items for photoelectric solar tracking systems; Head office segment supervises various segment of the Company as well as investment activities in subsidiaries.
2320 - Al Babtain Power and Telecommunication Company SJSC
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