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
SMN Power Holding SAOG is an Oman-based company active within the power and water sectors. The Company operates through two subsidiaries, namely SMN Barka Power Company SAOC (SMN Barka) and Al Rusail Power Company SAOC (Al Rusail). SMN Barka is a water and power project situated in Barka, Oman. It has a contractual capacity of 768 megawatt (MW) power and 120,000 cubic meters of water per day. Al Rusail is a natural gas-fired power plant, which has a contractual capacity of 665 MW power. The plant is located approximately 40 kilometers west of Muscat, Oman, in an industrial area, and consists of eight Frame 9E gas turbines. The operations and maintenance of both plants are conducted by STOMO.
SMNP - SMN Power Holding SAOG
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.