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
Al Yamamah Steel Industries Company CJSC, formerly Al Yamamah Steel Industries Co, is a Saudi Arabia-based joint stock company engaged in the manufacture of metal products to serve companies operating in the construction, electrical and telecommunication sectors. It mainly manufactures longitudinally welded steel tubes (black, galvanized), decorative steel tubes, steel sheets cutters, packaging straps and clips, road blocks, reinforcing steel bars, wheelbarrows, corrugated steel sheets, hollow steel pieces, cold rolled steel sections, steel space frames, galvanized steel lighting poles and other related products. Its activities are divided in the following business units: Tubes, engaged in the production of tubes and steel pipes; Poles, engaged in the manufacture of galvanized steel poles; Towers, engaged in the production of galvanized steel towers, as well as Space Frames, engaged in the production of a number of components of space frames.
1304 - Al Yamamah Steel Industries Company CJSC
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