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
Abu Dhabi National for Building Materials Co PJSC (BILDCO) is a United Arab Emirates-based public shareholding company that operates in the building materials industry sector. The Company manufacturers and trades of a range of building materials, and also offers steel cutting and bending services. The Company is primarily engaged in general trading, acting as agents, representing trading agencies and companies, and investing in the industrial enterprises. BILDCO provides such products and services as Structural Steel for High Rise Tower, Steel Reinforcement, Steel Reinforcement Fabrication, Steel Couplers, Cement Concrete Blocks, Interlocking Paving Stones and Wood Products. The Company’s main store is located in Musaffah Corniche, another in the free port, and one in Port Zayed, equipped with heavy machinery to handle steel, wood and various other building materials. The Company’s subsidiaries include Bildco Cement Products LLC and Reinforcing Steel Services.
BILDCO - Abu Dhabi National for Building Materials Co PJSC
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