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
Sohar Power Company SAOG (SPC) is an Oman-based joint stock company engaged in the generation and transmission of electricity, and desalination of water in the Sultanate of Oman. The Company owns and operates an electricity generation and seawater desalination plant in Sohar industrial estate, which has a capacity of 585 mega watt (MW) electrical power and 33 million imperial gallons per day water desalination. The Company distributes power and water to Oman Power and Water Procurement Company SAOC.
SHPS - Sohar Power Company SAOG
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