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
Qatar Fuel Company QPSC is a Qatar-based company primarily engaged, together with its subsidiaries, in the sale and distribution of refined petroleum products manufactured by Qatar Petroleum; vehicle inspection services; marine supply services; the activities of oil and gas transportation between ports, and real estate services. The Company’s main business activities include service stations, fuels distribution, Liquefied Petroleum Gas (LPG) provision, ship to ship bunkering, bitumen distribution and lubricants provision. The Company is active domestically and operates through its subsidiaries: Qatar Jet Fuel Company QSC, which is involved in the supply of aviation fuel for commercial and private aircraft; WOQOD Vehicle Inspection Company (Fahes) SPC is involved in the provision of vehicle inspection services; WOQOD Marine Services Company SPC, which is vessels owner and operator, and WOQOD International Company SPC, among others.
QFLS - Qatar Fuel Company QPSC
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