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
Financial Services Company SAOG is an Oman-based company, which is engaged in the investment sector. The activities of the Company are investments in securities, brokerage, managing the issue of new securities, portfolio management services on behalf of its clients and underwriting of new securities. The Company has one reportable segment, which is buying and selling securities. It also engages in the margin financing, portfolio management, and investment advice and research.
FSCI - Financial Services SAOG Co
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