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
Abdulaziz & Mansour Ibrahim Albabtin Co PJSC (Al Babtain Food) is a Saudi Arabia-based company, which is primarily engaged in Food and Beverages industry. The Company offers products in pastry, bakery and ice cream, which include healthy cakes, breads and cup of ice cream, among others. The Company also provides coffee specialties, Mil Flavors lactose, Mojito, squeeze, smoothies, syrups, and milkshake base. The Company operates approximately 7 branches in Saudi Arabia.
9549 - Abdulaziz & Mansour Ibrahim Albabtin Co PJSC
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