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
Sadr Logistics Company S.J.S.C is a Saudi Arabia-based company, which offers storage and handling solutions. The Company’s factory manufactures and supplies: different types of pallets, such as metal, wooden and plastic; racking systems and shelves for different solutions of storage’s and handling. The Company’s product categories include: heavy duty racking, medium duty racking, light duty racking, cantilever racking, mobile racking, mezzanine, steel pallets, related accessories, supermarket equipment, material handling equipment, carton live storage, new wooden pallets and plastic pallets. Furthermore the Company offers consultation and assembly assistance services.
1832 - Sadr Logistics Company SJSC
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