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
Sahara Hospitality Company SAOG is an Oman-based joint stock company engaged in the hospitality business. The Company’s principle activity is to build, own and operate permanent accommodations for contractors (PAC) of Petroleum Development Oman LLC (PDO) at the Fahud and Nimr sites in Oman. The PAC at Fahud and at Nimr consists of 672 rooms each. The facilities include residential accommodation; meals and dining halls; kitchens; storage for frozen, dry and fresh; recreational facilities include outdoor games and beverage outlets; laundries, and medical clinics. The Company’s major shareholders include Alawi Enterprises LLC, Catering and Supplies LLC and Chatron Commercial Corporation and Azan Qais Abdulmunim Al Zawawi.
SAHS - Sahara Hospitality Co SAOG
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