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 Industrial Manufacturing Company QPSC is a Qatar-based company engaged, along with its subsidiaries, in industrial manufacturing and various types of industrial investments inside and outside the State of Qatar. QIMC has equity interest in 13 operational projects in various industrial sectors including chemicals, petrochemicals, construction materials and food processing. The Company also investigates the economic feasibility of a number of other projects in collaboration with other local and foreign interested parties. The Company holds 51%-investment in a project, KLJ Organic-Qatar, which is expected to produce Chlorinated Paraffin Waxes (CPW) for the export market. The Company’s subsidiaries include Qatar Metals Coating Company, National PaperIndustries, Qatar Sand Treatment Plant, Qatar Acids Company and Qatar Paving Stones.
QIMC - Qatar Industrial Manufacturing Company QPSC
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.