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
Keir International Co is a Saudi Arabia-based entity which is primarily engaged in supplying fiber optics, wireless communications, and electrical products. The company’s activities include supply, installation implementation and operation of telecommunication towers, wired and wireless networks. The Company is also engaged in supplying of fiber optic cables to connect networks, operation and connection of low and high-voltage substations and main electricity stations, signal reinforcement solutions in buildings, optical fiber extensions between cities and linking them to the government and private sectors, electricity and water networks maintenance and operation projects, implementation of Fiber-To-The-Home (FTTH) projects, supply of subscriber identity module (SIM) cards and machine-to-machine (M2M) cards.
9542 - Keir International Co
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