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 Ceramics Company SAOG is an Oman-based company, which is engaged in the manufacture and sale of ceramic sanitary ware and other related products. The Company’s products portfolio include such products as water closet, wash basin, bidet, showers, seat covers and shower trays, among others. It sells its products under own brand name, called WAVE. The Company’s ceramics products are exported to many countries, including the United States, the United Arad Emirates, Saudi Arabia, Bahrain, Qatar, Kuwait and South Africa and are available at over 1000 outlets around the world.
OMCI - Oman Ceramics Co SAOG
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