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
Construction Materials Industries & Contracting SAOG is an Oman-based company, which is engaged in manufacture and sales of lime and limestone products. The Company produces a range of products, including limestone products, which are used in oil drilling, water treatment, agriculture, animal feeds, sugar industries, construction, sewage treatment, paint industry and steel industry, as well as lime, which is used for manufacturing Calcium silicate bricks and blocks, manufacturing aerated concrete blocks, chemical and petrochemical process and metallurgical processing. The Company operates two factories in the Sultanate of Oman, namely Quriyat Plant and Sohar Plant. It sells its products in Oman and exports to abroad, including Gulf Cooperation Council countries, India and African countries. The Company holds two valid mining licenses for mining silica and limestone in the areas specified under the licenses.
CMII - Construction Materials Industries SAOG
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