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 Jazeera Steel Products Company SAOG is an Oman-based company, which is engaged in the manufacture and sale of steel products. The Company has two plants namely tube mill and merchant bar mill, where it produces steel pipes, angles, flat bars, rebars and channels, among others. It exports its products to more than 25 countries, including the United States, Canada, Australia, Germany and other European Union countries.
ATMI - Al Jazeera Steel Products Company SAOG
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