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
ONEOK, Inc. is a midstream service provider. It owns natural gas liquids (NGL) systems, connecting NGL supply in the Rocky Mountain, Permian and Mid-Continent regions with market centers and owns a network of gathering, processing, fractionation, transportation and storage assets. Its Natural Gas Gathering and Processing segment gathers, treats and processes natural gas. Natural Gas Gathering and Processing segment provides midstream services to producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. Its Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute NGLs and store purity NGLs, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region, which includes the Williston, Powder River and DJ Basins. Its Natural Gas Pipelines segment transports and stores natural gas. Through its subsidiary, Magellan Midstream Partners, L.P., it transports, stores, and distributes refined petroleum products and crude oil.
OKE - ONEOK Inc
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