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 Fisheries Company SAOG is an Oman-based company, which is engaged in the procurement, processing and sale of fresh, frozen and coated fish, fishing and the sale of fishing rights. The Company’s processing and cold storage facilities are spread over various parts of the Sultanate of Oman. The Company sources fish from local fishermen through a network of procurement and processing centers all along the coast, as well as running its own deep-sea trawler in the Omani waters. The Company’s products include demersal and pelagic, tuna, cephalopods, crustaceans, fresh fish, breaded and battered seafood products.
OFCI - Oman Fisheries Company SAOG
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