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
Barka Desalination Company SAOG is an Oman-based entity which is primarily engaged in operating Barka Independent Water Project (IWP). The water project has a capacity of approximately 281,000 cubic meters per day (61.8 million Gallons). The Company provides potable water to the communities, through reverse osmosis (RO) technology.
BRDE - Barka Desalination Company SAOG
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