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 Oil Marketing Co SAOG (omanoil), a subsidiary of Oman Oil Company SAOC, is an Oman-based publicly listed joint stock company engaged in the marketing and distribution of petroleum products. The Company is active in three segments: Retail business, Commercial business and others business. The Company is involved in the marketing and distribution of fuel and lubricant products operating in the sectors of fuel retailing, direct (bulk) fuel sales to government and commercial sectors, lubricant marketing, aviation refueling, storage and distribution. The Company’s Aviation business unit supplies jet fuel at Muscat International Airport. The Company operates a network of 132 retail stations across the Sultanate of Oman. The Company also provides fuel cards include Ejaba and basma cards.
OOMS - Oman Oil Marketing Co SAOG
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