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 Food & Dairy Factories Company (Fadeco) is a Saudi Arabia-based entity, which is primarily engaged in producing ice cream, marketing the Compay’s products and trading. The Company has one business segment which is engaged in the production and sale of ice cream within the Kingdom of Saudi Arabia. The Company’s ice cream products include BM Praline N’ Cream Cone, BM Double Chocolate Cone, BM Natural Strawberry Cone, BM Choco Caramel, National Day- Fadeco, Chocolate Ice Cream 5 Liter, Mango Ice Cream 5 Liter, Kulfi Ice Cream, Vanila Ice Cream 10 Liter, Strawberry Ice Cream 2 Liter, among others. The Company has approximately seven branches which include Riyadh, Jeddah, Al-Ahsa, Qassim, Nairiyah, Arar and Tathleeth.
9536 - Arabian Food & Dairy Factories Company
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