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
Zain Bahrain BSC is a Bahrain-based telecommunication company that provides fixed and mobile telecommunications services, including voice, video, short message service (SMS), multimedia messaging service (MMS), data connectivity and value-added service (VAS) to postpaid and prepaid customers. The Company operates through four segments: Mobile, Interconnection, Fixed Wireless and Others. Its mobile network comprises second-generation (2G), third-generation (3G) and fourth generation (4G) technologies and services. In addition, the Company operates a Worldwide Interoperability for Microwave Access (WiMAX) network to provide fixed and nomadic broadband and voice services. The Company also operates and manages a range of Operation Support Systems (OSS) and Business Support Systems (BSS) supporting network management, customer provisioning and billing, customer service, marketing analysis, financial, human resources, enterprise resource management and other functions.
ZAIN - Zain Bahrain BSC
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