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
Group Five Pipe Saudi Company SJSC is a Saudi Arabia-based company, engaged in the production, sale and marketing of spiral welded steel pipes. The company’s activities are in the manufacture of tubes, pipes and hollow shapes from iron and steel, laying oil and gas pipelines, constructing and repairing main distribution stations and lines, water repair and maintenance of sewage stations and projects, sewage networks and pumps, wholesale of metal and iron pipes, retail machinery and equipment for construction, building and civil petroleum engineering, heavy equipment and maintenance.
9523 - Group Five Pipe Saudi Company SJSC
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