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
Calumet Specialty Products Partners, L.P. manufactures, formulates and markets a diversified slate of specialty products to customers across a range of consumer-facing and industrial markets. Its segments include Specialty Products and Solutions, Montana/Renewables, Performance Brands and Corporate. Specialty Products and Solutions segment manufactures and markets a variety of solvents, waxes, customized lubricating oils, white oils, petrolatum’s, and other products. Its specialty products are sold to domestic and international customers. Montana/Renewables segment is composed of its Great Falls specialty asphalt facility and Great Falls renewable fuels facility. At its Montana specialty facility, it processes Canadian crude oil into conventional gasoline, diesel, jet fuel and specialty grades of asphalt, with production sized to serve local markets. Its Performance Brands segment blends, packages, and markets performance products through its Royal Purple, Bel-Ray, and TruFuel brands.
CLMT - Calumet Specialty Products Partners LP
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