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 Vitrified Clay Pipe Company SJSC, formerly known Saudi Vitrified Clay Pipe Co. SJSC (SVCP) is a Saudi Arabia-based company that is engaged in the manufacture and distribution of vitrified clay pipes, as well as fittings and accessories. The Company, through its factory that is located in Riyadh, produces a range of clay products in different sizes and shapes, including pipes with jointing system, flexible joints and connectors for manhole, junctions with jointing system , bends with jointing system , taper pipes, saddles, semi-circular channels, fittings and end plugs, perforated pipes, jacking pipes in vitrified clay. SVCP markets its product to different markets, including the local Saudi market, Arab countries, the Far East and Europe. SVCP’s projects include, among others, Dammam West Project, Jubail development, Riyadh Housing, Yanbu Petrochemical Development and Makkah Sewerage.
2360 - Saudi Vitrified Clay Pipe Company SJSC
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