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 Qatari Telecommunications Company SAOG is an Oman-based company, which is engaged in the installation, operation, maintenance and exploitation of mobile and fixed public telecommunications systems. The Company reports two segments: Operation of Global System for Mobile Communication (GSM) for prepaid and post paid services, sale of telecommunication equipment and other associated services, as well as Provision of international and national voice and data services from fixed line, sale of telecommunication equipment and other associated services. The Company serves for both individuals and corporate clients. It operates on domestic market.
ORDS - Omani Qatari Telecommunications Company SAOG
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.