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
Aramex PJSC is a United Arab Emirates-based public joint stock company that offers freight, express, logistics and supply chain management business solutions. It is organized into five segments: the International express segment includes delivery of small packages across the globe to both, retail and wholesale customers; the Freight forwarding segment includes forwarding of loose or consolidated freight through air, land and ocean transport, warehousing, customer clearance and break bulk services; the Domestic express segment includes express delivery of small parcels and pick up and deliver shipments within the country; the Logistics segment includes warehousing and its management distribution, supply chain management, inventory management, and the Other operations segment includes catalogue shipping services and airline ticketing and travel, among others. The Company is also present in South Africa through PostNet’s master franchise and Aramex South Africa, formerly Berco Express.
ARMX - Aramex PJSC
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