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
Burgan for Well Drilling Trading and Maintenance KSCP is a Kuwait-based company engaged in the provision of exploration, development and drilling services, as well as maintenance of wells for oil and gas companies. The Company operates a fleet of rigs supported by specialized departments, such as transport and mechanical, and fabrication facility, which manufactures portacabins used at the rig sites for accommodating drilling and rig crew. Its machining services, located in Ahmadi, equipped with bays, lathes, boring machines, milling machine, shapers, valve repair and testing equipment, grinders, welding and cutting machinery, and warehouse storage, and offers repair and manufacturing services of down hole tools, such as cross-over, subs stabilizer, flat bottom mills, wash over shoes, taper mills and pup-joint, double studded adapters, spools, flanges, and nipples to the drilling industry.
ABAR - Burgan for Well Drilling Trading and Maintenance KSCP
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.