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
Ras Al Khaimah Ceramics PSC is a United Arab Emirates-based company, which is engaged in the manufacturing and sale of a variety of ceramic products including tiles, bathroom sets and sanitary wares. The Company operates through four segments: Ceramic products includes manufacture and sale of ceramic wall and floor tiles, gres porcellanato and bathware products; Contracting segment includes construction projects and civil works; Other industrial segment engages in the manufacturing and distribution of power, table ware, paints, plastic, mines and faucets, as well as Other segment includes others Company’s operations, such as trading, travel, warehousing and trading in catering and turnkey contracting projects.
RAKCEC - RAK Ceramics PJSC
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