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
National Biscuit Industries Ltd SAOG is an Oman-based company that produces biscuits. The Company is engaged in manufacturing and selling of biscuits, wafers, extruded snacks, food products and pallets, creams, cookies, and choco chips, among others. The Company operates in Gulf Cooperation Council (GCC) region, and its products are exported globally to approximately 40 countries including Australia, New Zealand, Singapore, South Africa, Asian countries, African countries, Levant and Middle East and North Africa (MENA) countries.
NBII - National Biscuit Industries Ltd SAOG
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