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
Oula Fuel Marketing Co KSCP is a Kuwait-based company which is primarily engaged in fuel marketing. The Company is organized into two business segments fuel marketing segment engaged in the sale of fuel; and other related services segment which represents the other related services arising from fuel stations. The Company’s principal activities include the acquisition, establishment, lease, operation and maintenance of petrol stations and their customer services centers, to provide all automotive services, including changing of oil, car wash, maintenance workshop services and technical check-ups.
OULA - Oula Fuel Marketing Co KSCP
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