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
Fujairah Building Industries PJSC is a United Arab Emirates-based entity which is primarily engaged in manufacture and distribute building materials. The Company has four business segments which include Quarrying segment includes mining and sale of quarry products. Manufacturing segment includes manufacturing and supply of blocks, interlocks, kerbstones, ceramic tiles, rockwool insulation materials and marble and terrazzo tiles, also includes contracting for supply and installation of marbles and terrazzo tiles. Others segment include other operations treasury and investment management functions. Discontinued operation segment comprises of discontinued operation.
FBI - Fujairah Building Industries PJSC
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