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 Internet and Communications Services Co CSJC is a Saudi Arabia-based company which is primarily engaged in providing Internet Services and Information Communication & Technology (ICT) services. The Company has three segments which include Core ICT Services, Information Technology (IT) Managed and Operational Services and Digital Services. Core ICT Services are core requirements of the businesses, enabling customers to have core IT requirements with systems, hardware/software, and connectivity to the Internet including system integration and communication and Internet services. IT Managed and Operational Services are considered as add on(s) and help the customers in managing their operations and improve the total cost of ownership, including outsourcing and managed services. Digital Services are advance digital services utilized by customers to further enhance and scale their offerings including cloud, cyber security and digital Services.
7202 - Arabian Internet and Communications Services Company SJSC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.