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
Omani Packaging Company SAOG is an Oman-based company engaged in the manufacture and sale of paper corrugated packaging products and cartons. The Company’s product range includes regular slotted cartons, telescopic top and bottom box, die cut trays, assembled partitions and single facer corrugated rolls for cushioning and protection and wax lined cartons for frozen products. The Company’s plant is located in Al Rusayl Industrial Estate in the Capital area of the Sultanate of Oman, which has annual production capacity over 30,000 metric ton (MT). The Company’s products are sold in a number of sectors, including foodstuff, detergent, mineral water, beverages, fisheries and ceramic, among others. The Company primarily caters to the local market and exports to Gulf Cooperation Council (GCC) and Asian countries.
OPCI - Omani Packaging Company SAOG
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