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
Shubarkol’ Premium AO is a Kazakhstan-based company, which implements the project for the development of the Shubarkol mine in the Karaganda region of Central Kazakhstan. The Company is primarily engaged in the extraction of coal of grade D, and carried out the processing and production of semi-coke, tar, gas of semi-coking, synthetic liquid fuel. It also operates through its coal chemical laboratory that conducts about six types of work and issues international certificates. Its total production is approximately 800,000 tons. The Company is active on domestic market.
SHUP - Shubarkol' Premium AO
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