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
Jazan Energy and Development Company SJSC (JAZADCO) is a Saudi Arabia-based company, which is engaged in cultivation of mangoes, cultivation of shrimp in the seas, preservation of fish and fish products by cooling or freezing, cooling and freezing of fruits, production, and packaging of pure filtered water, hotels, and heritage hotels, purchase and sale of land and real estate, their division, and off-plan sales activities. The Company operates in following segments: The agricultural sector, where the group cultivates and reaps shrimp, in addition to the fruit farm; The commercial sector, where the group purifies and distributes bottled mineral water; and Investment properties sector, where the group leases buildings for commercial and residential purposes. The Company operates approximately six branches.
6090 - Jazan Energy and Development Company SJSC
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