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
Ash Sharqiyah Development Co SJSC (SHADCO) is a Saudi Arabia-based company engaged in the production and distribution of agricultural and animal products. The Company operates in two business segments: the Animal Production segment includes the production and sale of milk, and calf breeding, and the Agricultural Production segment includes the production and sale of alfalfa, grain and honey. The Company focuses on the establishment and management of agricultural, animal husbandry, agro-industrial, food stuff and marketing projects; wholesale and retail trade in food stuff, agricultural products, animal fodder and fertilizers; establishment of canning and bottling of water, juices, dairy products and its by-products and foodstuff; Purchase land to erect buildings to be invested by selling or renting them on behalf of the Company, and establishment, management and operation of tourist and entertainment projects.
6060 - Ash-Sharqiyah Development Company SJSC
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