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 and Emirates Investment Holding Company SAOG is an Oman-based company, which is engaged in financial investment activities and related services. The Company also invests in companies with various industrial activities, such as food processing, livestock and fishing. The Company operates in Oman and in the United Arab Emirates.
OEIO - Oman and Emirates Investment Holding Company SAOG
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