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
HILY HOLDING PJSC, formerly Foodco Holding PJSC, is a United Arab Emirates-based public shareholding company primarily engaged in the import and distribution of foodstuff and household items. The Company also invests, develops and manages real estate and commercial enterprises. The Company focuses on the investment in or establishment of companies in the same line of business, and factories in the processing or canning of foodstuff, as well as engagement in all operations and investments in and outside the United Arab Emirates for the purpose of the Company’s business. As of December 31, 2011, the Company had two wholly owned subsidiaries, namely Oasis National Foodstuff Company LLC, which is active in foodstuff packing, and FOODCO LLC, which is engaged in wholesale distribution of foodstuff. It also has capital stakes in Foodco Bahrain WLL and Sense Gourmet Food Company PJSC.
HH - Hily Holding PJSC
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