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
Widam Food Company QPSC is a Qatar-based company which is primarily engaged in supplying livestock, feeds, fresh, chilled, and frozen meats. The Company has one business segment which is supply of Australian meat, livestock and related products and activities. The Company sells various types of live and frozen meat products, such as live and locally slaughtered lamb from Australia, Syria, Sudan, Pakistan and India, live and locally slaughtered beef from Sudan, frozen and cooled beef from Australia and Somalia and premium cuts from Brazil, Australia and the United States of America. The Company’s products include beef, camel, chicken, dairy products, frozen foods, fruits, lamb, offal, and vegetables, among others. The Company also provide home delivery services.
WDAM - Widam Food Company QPSC
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