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
Artson Engineering Limited is an engineering, manufacturing and construction (EMC) contracting company. The Company is engaged in the supply of equipment, steel structure and site services for mechanical works. It has a diversified range of businesses from process equipment manufacturing for oil and gas, petrochemicals, power, and metallurgy industry to construction of bulk liquid storage farms, industrial piping, structure fabrication, marine platform construction, plant repair and other industrial services. It specializes in execution of projects of various types of large diameter bulk liquid storage tanks on lumpsum turnkey basis, industrial plant piping and pipe spooling, and equipment erection. It offers a range of services, such as design and engineering, steel structure fabrication management, and capital repairs and upgrades. Its design and engineering service includes sizing of pumps, pipes, utilities, stress analysis, piping layouts, and isometrics.
ARTS - Artson Engineering Ltd
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