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
Yanbu National Petrochemicals Co SJSC is a Saudi Arabia-based joint stock company, which is engaged in the manufacture of petrochemical products. The Company’s products include: Ethylene, Propylene, Mono Ethylene Glycol, Di Ethylene Glycol, Tri Ethylene Glycol, Polypropylene, Low Linear Density Polyethylene, High Density Polyethylene, Butene 1, Butene 2, Methyl Tertiary Butyl Ether (MTBE), Benzene and Toluene Xylene (TX). The Company’s products are used for the textile and packaging industries, for pressure pipes, blown films and for injection molded articles, among others. Yanbu National Petrochemicals Co SJSC operates under one business segments, which is petrochemicals and sells its products to its majority shareholder. The Company’s major shareholder is Saudi Basic Industries Corporation (SABIC).
2290 - Yanbu National Petrochemicals Company SJSC
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