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 Co. For White Cement and Construction Materials PSC is a United Arab Emirates-based public shareholding company engaged, together with its subsidiaries, in the construction materials industry sector. The Company is organized into two business segments: Manufacturing of white cement, lime products and cement products, and Investments, which include investments in marketable equity securities and deposits with banks. The Company’s products include white cement, hydrated lime and calcium silicate bricks. The Company’s factories are located near the port of Mina Saqr, 25km north of the city of Ras Al Khaimah. As of December 31, 2011, the Company’s subsidiaries included Modern Block Factory, which is engaged in the manufacture of concrete blocks, interlock tiles and cement products, and Ras Al Khaimah Lime Co. Nora, which is engaged in manufacturing of lime products.
RAKWCT - Ras Al Khaimah for White Cement and Construction Materials Co PSC
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