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
Salalah Mills Co SAOG (SMC) is an Omani joint stock company engaged in the milling of wheat and selling of flour, bran and feed. The Company’s products include bread flour, baking flour, chakki atta, jareesh, harees, semolina, barley, wheat, barley and bran mix, wheat bran and feed flour. The Company is located at the Raysut Industrial Estate in the southern region of Oman. The Company markets its products primarily in three geographical areas, namely Oman, Africa and other countries. The Company’s subsidiary Salalah Macaroni Company SAOC is involved in the production of macaroni pasta and related food products.
SFMI - Salalah Mills Company SAOG
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