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
Oman Cables Industry SAOG (OCI) is an Oman-based shareholding company engaged in the manufacture and sale of electrical cables and conductors. The Company is a manufacturer and exporter of medium- and low-voltage (LV) electric cables, building wires, instrumentation cables, overhead transmission line conductors, and other special purpose cables and wiring solutions. The Company’s products include LV power and control cables, low smoke and fire retardant (LSF) LV power and control cables, LSF wiring cables, medium voltage cables and overhead line conductors, among others. OCI also manufactures custom designed cables to meet specific customer needs. The Company holds 51% shareholding in Oman Aluminium Processing Industries LLC, which manufactures Aluminium rods and overhead conductors. The Company’s products are sold in Middle East and North Africa (MENA) and international markets.
OCAI - Oman Cables Industry 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.