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
ASaffa Foods SAOG is an Oman-based company primarily engaged in the manufacture and distribution of poultry meat. A’Saffa produces frozen and freshly/chilled poultry products, which include birds, breasts, wings, drumsticks, gizzards, and liver , among others. The Company’s products include A’Saffa Frozen chicken, A’Saffa fresh chicken, A’Saffa delicacies, zingle range, Khayarat delicacies, Khayarat Fruit and fruit pulp, Khayarat frozen vegetables, Taybat delicacies, Taybat fresh chicken, Taybat frozen chicken. The Company also offers a range of frozen vegetables, frozen fruits, frozen fruit pulps and frozen processed sea food. The Company’s subsidiaries include A’Saffa Food Processing LLC, which is engaged in manufacturing and distribution of meat, vegetables and fruit products, A’Saffa Logistics LLC, which is engaged in storage and providing logistical support services. The Company exports to United Ara Emirates, Qatar, Bahrain, and Yemen.
SPFI - ASaffa Foods SAOG
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