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
Dhofar Foods & Investment Co SAOG is an Oman-based entity which is primarily engaged in providing finished poultry and ruminant feed. The Company along with its subsidiaries have five reportable segments which includes Feed Mill segment includes the milling and sale of animal feed from various raw materials. Dairy and beef segment includes the production and sale of milk, dairy products and beef. Agriculture segment includes the growing of grass primarily for consumption by the livestock held by the Group and excess sold to external farmers. Dhofar Poultry Company SAOG segment includes the hatching, growing, processing and sale of poultry livestock. International Plastic Industry LLC segment includes sale of plastic products. The Company maintains stock points to store raw materials and finished products, also the feed is lab tested at every level from production till packaging.
DFIN - Dhofar Foods & Investment Co SAOG
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