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 Cement Company SAOG is an Oman-based company, which is engaged in the manufacture and sale of cement and related products. The Company produces Ordinary Portland Cement (OPC), Moderate Sulphate Resistant (MSRC), Sulphate Resistant Cement (SRC), Oil Well Cement Class G Grade (OWC G) and Oil Well Cement Class A (OWC A). The Company operates in the Sultanate of Oman and other Gulf Cooperation Council (GCC) countries.
OCOI - Oman Cement Company SAOG
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