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
Qatar National Cement Company Q.P.S.C. is a Qatar-based public shareholding company engaged in the construction materials sector. The Company is engaged in the production and sale of cement, washed sand and lime. The Company manufactures and distributes Ordinary Portland Cement, Sulphate Resistant Portland Cement, Portland Pulverized Fuel Ash Cement and Hydrated and Calcined Lime. It manufactures plants , water desalination plant to cater the water needs of the cement plant and the residential colony of employees; employee housing estate; clubs and mess, and primary health center.
QANC - Qatar National Cement Company QPSC
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