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
National Gas Company SAOG is an Oman-based company, which is engaged in the production, marketing and the distribution of liquefied petroleum gas (LPG). The Company supplies synthetic natural gas (SNG), LPG and natural gas equipments, including LPG tanks, LPG vaporizers, LPG pump, LPG compressors, plant equipments and related accessories. It also involves in the design, engineering and installation of LPG terminals, bottling plants and bulk gas system. Additionally, the Company designs engineers and implements deodorized unit and aerosol filling system, synthetic natural gas systems, gas powered power system and gas refrigeration/air-conditioning systems. The Company operates in Oman, Saudi Arabia, the United Arab Emirates and in Malaysia.
NGCI - National Gas Company SAOG
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