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
Bahrain Ship Repairing and Engineering Co BSC is a Bahrain-based public shareholding company engaged in the provision of maintenance and repair services to vessels operating in the Arabian Gulf and to ocean carriers. The Company operates through four divisions: the Technical Engineering and Marketing Services division (Team) specializes in the manufacture, modification and maintenance of switchboards, motor control centers and control panels; the Small Boat Division (SBD) provides engineering and other related services; the Container Repair Division (CRD) is engaged in inspecting and repairing containers in the port of Bahrain, and the Marine and Industrial Pump Repair (MIPR) division is a pump repair facility located in Mina Salman Industrial Area, adjacent to the Mina Salman Port. The Company’s services include mechanical work, steel work, pipe work, electrical services, blasting & painting, machining & fitting, carpentry work and other specialized services.
BSRC - Bahrain Ship Repairing and Engineering Co BSC
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