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
Mannai Corporation QPSC is a Qatar-based company engaged in the diversified sectors. Its main operating segments are: Information technology (IT) includes application implementation, bespoke application development, systems integration and mobility services, among others; Automotive segment offers a range of vehicles for sale and rent, including four-wheel drives and buses; Energy and industrial markets segment supplies products, spare parts and services to the oil and gas, construction, infrastructure and utilities sectors; Geotechnical services comprise investigation, borehole drilling and a range of laboratory testing services; Logistics segment offers freight forwarding, warehousing and customs clearance; Engineering segment includes precision inspection, measuring and test equipment, and Jewelry trading includes jewelry retail network, which offers such brands as Graff, Fope, Roberto Coin and Marco Bicego, among others.
MCCS - Mannai Corporation QPSC
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