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
Boubyan Petrochemical Company KSCP is a Kuwait-based company engaged in direct investments within the industrial sector. The Company is primarily involved in the manufacture of petrochemical material and their derivatives; sale, purchase, supply, distribution, export and storage of such materials, as well as participation in related activities, including establishing and leasing the required services inside or outside Kuwait; participating in , acquiring or taking over companies of similar activities, and investing the surplus finds in investment portfolios. The Company is organized into the following business segments: Energy and petrochemicals, which is engaged in direct investment stakes in this sector comprising of basic materials; Services segment includes educational and medical services, as well as Others segment comprises investing directly and through portfolios into shipping, services and funds, among others.
BPCC - Boubyan Petrochemical Company KSCP
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