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 Kamil Power Company SAOG (AKPC) is an Oman-based company engaged in the power generating sector. The Company operates a 285-megawatt electricity generating station at Al Kamil in the Sharqiya region of the Sultanate of Oman, which has three generating units, and each unit incorporates a gas turbine and an electrical generator. The Company operates within agreed project with different Government agencies, and the Oman Power and Water Procurement Company SAOC (OPWP).
KPCS - Al Kamil Power Company 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.