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
Yanbu Cement Compay SJSC is a Saudi Arabia-based joint stock company, which is engaged in the production and marketing of cement. The Company produces Portland Cement Type I, II and V and Portland Pozzolan Cement. Yanbu Cement Compay SJSC also provides training for its employees and others, through its training center, which offers internal, external and co-op training courses. The Company’s subsidiary, Yanbu Saudi Kuwaiti Paper Products Co Ltd, is engaged in the manufacture and wholesale trade of different types of paper bags for cement packing.
3060 - Yanbu Cement Company SJSC
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