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
Gulf International Chemicals SAOG (GIC) is an Oman-based company engaged in the manufacture and distribution of construction chemicals and specialty chemicals. The Company primarily manufactures construction and road treatment chemicals and related products. The Company’s products range covers adhesive & bonding agents, concrete & mortar admixtures, concrete repairs & protection, grouts & anchors, industrial floorings, joint sealants, protective coatings, surface treatments and water proofing. The Company has manufacturing facility in Rusayl Industrial Estate in the Sultanate of Oman and at Sharjah Industrial Area No. 17 in the United Arab Emirates (UAE). The Company serves the construction chemicals industry in the local market, as well as international markets.
GICI - Gulf International Chemicals SAOG
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