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
Unikai Foods PJSC, formerly United Kaipara Dairies Co PSC, is a United Arab Emirates-based public shareholding company engaged in the manufacture of dairy, juice and ice cream products, as well as the import of various kinds of food products for distribution throughout the Gulf markets and other countries. The Company carries out its trading activities under the name, Unikai International. It has an Oman-based wholly owned subsidiary, Unikai and Company LLC, which operates in the same sector. The Company’s products include fresh fruit juice, fresh milk, milk powder, yogurt, butter, cheese, cream, rice and dairy desserts. It manufactures and distributes its products under the brand names UNIKAI, Royal Treat and Mumtaz, among others. The Company’s products are sold in the domestic as well as international markets.
UNIK - Unikai Foods PJSC
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