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
Qatar Oman Investment Company QPSC, formrely Qatar Oman Investment Co QSC (QOIC), is a Qatar-based company engaged in investment activities in Qatar and the Sultanate of Oman. The Company invests its funds primarily in oil and gas, real estate and infrastructure, healthcare and financial services in Qatar, and tourism, real estates and infrastructure, healthcare and education in the Sultanate of Oman. The Company also establishes industrial, commercial, agricultural, real estate, tourist and service projects in both countries, and engaged in trading and marketing activities related to the Company’s products and to its partners of other shareholding companies. In additions, the Company provides support to its subsidiary companies.
QOIS - Qatar Oman Investment Company QPSC
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