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
Seamec Limited provides oilfield services and diving support vessels (DSV) in India and abroad. The Company operates multi support vessels for providing support services including marine, construction and diving services to offshore oilfields and bulk carrier vessel for providing bulk carrier services. It has also ventured into diversified tunnel construction project. Its marine offshore division capabilities include inspection/work class ROV operation support, inspection and maintenance of single buoy moorings, and removal and re-installation of single buoy moorings. Its offshore fleets include SEAMEC II, SEAMEC III, SEAMEC PRINCESS, SEAMEC PALADIN and SUBTECH SWORDFISH which are multi-support, multi-functional DSVs and SEAMEC GLORIOUS an accommodation barge. The Company is engaged in the bulk carrier business, which includes transportation of various dry-bulk materials, including food staples, commodities, industrial products and scrap. It also owns and operates ASIAN PEARL.
SEAM - Seamec Ltd
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