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
Voltamp Energy SAOG is an Oman-based joint stock company engaged, along with its subsidiaries, in the manufacture, sale and distribution of transformers, low voltage switchgears and panels. The Company is organized into two business segments: the Transformers segment includes manufacture, sales, service and distribution of transformers, and the Low voltage switchgear and panels segment. In addition, the Company also provides maintenance contract, onsite assessment services and supervision of erection, among others. As of December 31, 2011, the Company’s wholly owned subsidiaries included Voltamp Transformers Oman LLC, which manufactures a range of distribution power and special transformers up to 15 megavolt ampere (MVA) 33 kilovolt (KV) class, as well as designs and manufactures multi-tap transformers required for the oil & gas sector, and Voltamp Power LLC, which is engaged in the manufacture of Large extra high voltage (EHV) Power Transformers at Sohar Industrial Estate.
VOES - Voltamp Energy SAOG
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