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
Naqi Water Co is a Saudi Arabia-based entity which is primarily engaged in production and bottling of purified, filtered drinking water. The Company has one segment which includes the production and bottling of filtered pure water. The Company’s products include 600 milli liter (ML) bottles, 330 ml bottles, 200 ml bottles, etc. The Company has branches in Riyadh and Unaizah.
2282 - Naqi Water Co
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