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 Telecommunications Company SAOG is an Oman-based company engaged in establishing, operating, maintaining and developing fixed and mobile telecommunication services in Oman. The Company is organized, along with its subsidiaries, into two business segments: The Provision of international and national calls from fixed lines segment, including rentals and installations of fixed telephones and Internet services (fixed lines and other), and also includes the operations of Worldcall Telecom Limited, which is engaged in the provision of wireless local loop, long distance international (LDI), payphones and cable television services in Pakistan and Sri Lanka, and the Operation of Global System for Mobile Communication (GSM) for prepaid and post paid services, sale of telecommunication equipment and other associated services related to the Company’s ordinary activities (mobile). The Company’s subsidiaries include, among others, Oman Data Park LLC and Worldcall Telecom Limited.
OTEL - Oman Telecommunications Company SAOG
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.