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
Arabian Pipes Company SJSC is a Saudi Arabia-based company engaged in manufacturing and marketing of welded steel pipes for oil and gas, structural and commercial utilization. Its main activities include production of steel tubes longitudinally welded for pipelines and for the purposes of construction, trade, marketing, bending and forming a toothing pipe and pipe coating inside and outside and doing the business of buying and selling pipes and fittings and accessories and the implementation of the extension of pipelines. The Company operates in two segments including steel pipe production segment, and steel pipe packaging segment. It has two factories in Riyadh with capacity of approximately160,000 tons per year and Jubail Industrial City with capacity of approximately of 300 tons per year. Its product portfolio includes Longitudinal Submerged-Arc Welded (LSAW) pipes, High frequency welding (HFW)/Electric resistance welded (ERW) pipes, among others.
2200 - Arabian Pipes Company SJSC
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