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 Education and Training Investment Co SAOG is an Oman-based joint stock company that operates in the education and training sector in the Sultanate of Oman. The Company owns and operates Sohar University, which provides education and training for Omani and international students. The University offers undergraduate and postgraduate programs, offering Bachelors, Diploma, and Advanced Diploma degrees, as well as university preparatory courses. Sohar University is located in Sohar, and consists of four faculties: business, computing and information technology, engineering, and humanities and social sciences. The University’s facilities include dormitories, a restaurant, prayer rooms, a private clinic, sports facilities, a library and computer labs.
OETI - Oman Education and Training Investment Company SAOG
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