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
Financial Corporation Company SAOG is an Oman-based company, which is engaged in brokerage, asset management, trading in securities and corporate finance. The Company operates in the following four segments: Brokerage activities in regard to dealing in shares at the Muscat Securities Market and overseas market on its own account and on behalf of customers; Portfolio management and investment advisory services for customer portfolios; Provision of corporate finance services, including strategic and financial advisory, Initial Public Offerings (IPO) management, rights issues management, and mergers and acquisitions services, as well as Investment in Muscat Securities Market and overseas market for its own account.
FINC - Financial Corporation SAOG Co
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