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
Majan College (University College), formerly College of Administrative Sciences, is an Oman-based company engaged in the education sector. The Company is involved in the fields of management sciences, scientific research and the provision of education for students in the Sultanate of Oman. The Company offers its programs through three faculties, namely Faculty of Business Management, Faculty of Information Technology and Faculty of English Language Studies.
BACS - Majan College SAOG
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