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
Sweets of Oman SAOG is an Oman-based company engaged in the production and distribution of chocolates and sugar confectionery. The Company produces a range of confectionery, such as eclairs, toffees, fudge, caramels and enrobed chocolates. The Company markets its products under brand names of Chiko, Folen & Court and Chelsea. The Company’s plant is located at Rusayl Industrial Estate in Muscat, Sultanate of Oman. The Company exports its products to Gulf Cooperation Council (GCC) countries and others. As of December 31, 2011, the Company’s main shareholders included Al Mekyal Imports and Exports, among others.
OSCI - Sweets of Oman SAOG
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