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 International Development & Investment Company SAOG is an Oman-based entity which is primarily engaged in investment related activities. The Company is organized into five business segments which include Investments, Banking activities, Insurance activities, Finance & Leasing activities, and Real estate. Investment segment comprises investment activities for both short-term and long-term purposes. Banking segment incorporates corporate, retail and treasury and investment banking activities. Insurance segment comprises insurance related activities for life and general insurance. Finance and leasing activities segment include financing and leasing activities. Real Estate segment is engaged in real estate activities.
OMVS - Oman International Development & Investment Company SAOG
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