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
Arabian Cement Company SJSC is a Saudi Arabia-based engaged in cement production. The Company is primarily engaged in one operating segment that is related to cement production and selling. The Company’s activities include construction and trading of cement, clinker, construction materials and other related materials and derivatives in and outside of Saudi Arabia, utilization of mines and establishing of factories and stores for the Company’s purposes, which are needed in manufacturing, storage, selling, purchase, exporting and importing and other complementary and supportive industries. The Company has one wholly owned subsidiary, namely Bahrain Cement Holding Company.
3010 - Arabian Cement Company SJSC
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