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
Raysut Cement Company SAOG is an Oman-based company, which is engaged in the manufacture and sale of cement. The Company produces and markets Portland cement, Sulfate resistant cement, Oilwell cement and Pozzolana well cement. The Company’s main production facility is located in Salalah. In addition, the Company has five storage and packaging terminals, which are located in Oman and in Yeman. It supplies cement to domestic and export markets in the region in bulk and any packing standard. The Company’s network of operations serves a global customer base with locations in Oman, Yemen, Somalia, Mauritius, Qatar, Iraq, Tanzania and Sudan, among others. Raysut Cement Company SAOG owns two pneumatic self-unloading ships and two leased ships to transport bulk cement shipments loaded at Salalah and distributed to its terminals.
RCCI - Raysut Cement Company SAOG
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