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
Trafco Group BSC, formerly General Trading and Food Processing Co BSC (TRAFCO), is a Bahrain-based public shareholding company engaged in trading in various kinds of food products. The Company is organized, along with its subsidiaries, into six business segments: the Wholesale segment (Imported foodstuff) is engaged in the import and distribution of foodstuff; the Retail segment (Imported foodstuff) is engaged in the import and distribution of foodstuff through supermarkets; the Investments segment is involved in the investment in quoted and unquoted securities, including investments in associates; the Diary products and beverage segment produces, processes and distributes dairy products and bottling of water; the Fruits and vegetables segment imports and distributes fruits, vegetables and other food items, and the Storage and logistics segment provides storage and logistics services.
GTFP - Trafco Group BSC
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