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
Al Hassan Engineering Co SAOG (AHEC), a member of Al Hassan Group of Companies, is an Oman-based joint stock company engaged in electrical, mechanical, instrumentation and civil contracting primarily in the oil and gas sectors. In addition, the Company also undertakes projects in Petrochemicals, Power Generation & Transmission and Water & Wastewater treatment sectors. The Company’s activities include civil & structural, mechanical & piping, electrical, instrumentation, telecommunication, painting, coating & installation. As of December 31, 2011, the Company’s subsidiaries include Al Hassan Engineering Dubai LLC and Al Hassan Engineering Abu Dhabi LLC, United Arab Emirates, which are engaged in contracting in oil and gas.
HECI - Al Hassan Engineering Co SAOG
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