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
Al Salam Bank Sudan PLC is a Sudan-based Islamic banking and financial services company engaged in the provision of commercial banking services according to the Islamic rules and principles. The Bank offers its services through four business segments: the Banking Services segment includes retail banking, which offers current, saving and time deposit accounts, as well as money transfer; corporate banking, which offers letter of credit (LC), letter of guarantee and murabaha, and electronic services include phone banking, mobile banking and Internet banking, among others; Investments segment includes musharaka, mudaraba, Ijara, Istisnaa, syndication and wakala; the Islamic Sharia Banking segment includes murabaha cars, murabaha goods, murabaha calculator and ijara, and the Trust Services segment, which includes Lockers, offering safe deposit boxes. The Bank operates through its head office and a branch.
SSUD - Al Salam Bank Sudan PLC
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