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
Amwaj International Co is a Saudi Arabia-based company, which is specialized in the field of selling and distributing the electronic and home appliances. The company offers the installation, maintenance and repair of refrigeration and air conditioning systems, installation and extension of air conditioning pipes, maintenance and repair, wholesale of electronic and household electrical appliances, wholesale of utensils and table accessories, and wholesale of sanitary ware, extensions and heaters Water tanks, repair of household appliances, and household equipment and garden equipment, among others.
9537 - Amwaj International Co
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