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
Packaging Co Ltd SAOG is an Oman-based company engaged in the manufacture and sale of corrugated cartons. It produces different types of carton, including regular slotted carton (RSC), folding types and die cut types. It specializes in the field of manufacturing corrugated cartons in 3ply and 5ply with B, C, E and F flutes for varied purposes, as well as having the facility of a computerized five color printing inline machine and a design studio for art work and negatives. The Company operates in the Sultanate of Oman, all Gulf Cooperation Council (GCC) countries, Korea and Iraq.
PCLI - Packaging Co Ltd SAOG
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