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 Mineral Water Company SAOG is an Oman-based company, which is engaged in bottling and distribution of natural mineral water and trading in other beverages in the Sultanate of Oman. The Company operates under two divisions: Manufacturing and Trading. The Company offers a range of products including beverages and mineral water in different packs, sizes and brands, such as Tanuf, El Jabal El Akhdar, Salsabeel and Assaha. The Company’s production facility is located at Wadi Tanuf.
NMWI - National Mineral Water Company SAOG
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