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
Gas Arabian Services Company SJSC is a Saudi Arabia-based wholesaler of machinery and equipment. The Company operates three segments: The Technical services segment, which provides technical manpower services and executes technical engineering projects. The Trading segment, which is engaged in sales of industrial, electrical, mechanical, hydromechanical, petroleum and other technical equipment and the manufacturing segment, which is engagement in manufacturing of piping spools, structural steel fabrication, pressure reduction stations and other industry essential products. The Company operates approximately five branches.
9528 - Gas Arabian Services Company SJSC
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