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
Al Fajar Al Alamia Company SAOG is an Oman-based company, which is engaged in the manufacture of industrial explosives and trading in explosives accessories. The Company’s principal activities is the manufacture, packaging and storage of ammonium nitrate/fuel oil ( ANFO ) and Emulsion explosives; the import and storage of initiating systems and drilling accessories and when necessary, of ANFO and Emulsion explosives, as well as the delivery and sale, within Oman and for export, of all products manufactured or imported by the Company. The Company’s explosive products are used in quarrying, mining, trenching for pipelines, road cuts and harbor/breakwater development. Its customers are mainly drilling and blasting companies and civil engineering contractors and quarry operators.
AFAI - Al Fajar Al Alamia 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.