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
Global Financial Investments Holding SAOG is an Oman-based public shareholding company engaged in holding investments through its subsidiaries and associate companies, which are engaged in the business of brokerage, investment consultancy services and sales of filters and dates. The Company also provides loan, security and finance to its subsidiaries. The Company holds stakes in its subsidiaries, namely First Global Financial Services, which offers investment consultancy services; Global Securities Co LLC, which is engaged in brokerage investment; First International LLC, which is in investment business; Oman Filters Industry Co SAOG, which manufactures filter, and Oman Dates International LLC is involved in date processing.
GFIC - Global Financial Investments Holding SAOG
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.