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
Omani Euro Food Industries SAOG (OEFI) is an Oman-based company engaged in the manufacture and distribution of baby foods and related products. The Company is active in three business segments: the Heinz segment includes cereals, biscuits and rusks; the Mothers’ Choice segment includes cereals and biscuits, and the Milk powder segment. The Company’s manufacturing facility is located at Sohar Industrial Estate. The Company produces a range of products, which include baby cereals, baby rusk, baby biscuits, baby smile, nutrifast, oats, cookies, infant formula milk and fortified milk, among others. The Company is a subsidiary of Oman and Emirates Investment Holding Company SAOG.
OEFI - Omani Euro Food Industries SAOG
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