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
Oman Chlorine SAOG is an Oman-based company engaged in the manufacture and sale of industrial chemicals mainly Hydrochloric Acid and Caustic Soda Liquid, Sodium Hypochlorite and to a lesser extent, Caustic Flakes. Hydrochloric acid is supplied mostly to oil drilling and exploration companies, while caustic soda is used in various industries, such as detergents, power and desalination plants. During 2011, the Company produced 32,080 metric ton (MT) hydrochloric acid, 21,417 MT caustic soda flakes, 10,149 MT sodium hypochlorite and 272 MT Calcium Chloride. In December 2011, the Company commissioned its calcium chloride plant. As of December 31, 2011, the Company’s main shareholders included Oman National Investment SAOG, Oman International Oil Services & Energy and Fincorp Investment Company, among others.
OCHL - Oman Chlorine SAOG
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