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
Gulf Stone Company SAOG is an Oman-based company, which is engaged in the manufacture of agglomerated quartz stone. The Company’s products fall into three categories namely mirror, quartz and mosaic products that are used in a variety of applications as indoor flooring, raised floor systems, internal wall cladding, table tops, vanity tops, kitchen counters, tables for laboratories, stairs and sills, bathrooms and swimming pools among other application purposes. It operates through its production unit located in Sohar, Oman, with exports to Europe, Australia, United Kingdom, United States, India, Asia and the Middle East regions.
GSCI - Gulf Stone Company SAOG
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.