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 Jazeira Services Company SAOG is an Oman-based company, which is engaged in contracting services including catering, housekeeping, laundry, equipment supply and allied services. The Company is organized into two business segments: the Catering segment, which is engaged in the provision of catering and related services, and the Investment segment is engaged in strategic industrial projects and other trading investments. Its contracting services primarily involves the feeding and housing of workers and personnel engaged in the industrial, oil and gas sector, military and civilian defense forces, hospital and educational sectors. The Company is also engaged in investment activities and has diversified portfolio of stocks in banking, services, and industrial sectors in the local securities market, as well in the overseas stock market.
AJSS - Al Jazeira Services Company SAOG
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