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
Ecovyst Inc. is an integrated provider of specialty catalysts and services. The Company supports customers globally through its network of manufacturing facilities. The Company has two segments: Ecoservices and Catalyst Technologies. The Ecoservices segment provides sulfuric acid recycling and end-to-end logistics to North American refineries to support the production of alkylate, a gasoline blending component required for meeting gasoline specifications and producing premium grade fuel. The segment is also a North American producer of on-purpose virgin sulfuric acid for water treatment, mining, and industrial applications. Catalyst Technologies segment provides customized catalyst products and process solutions to producers and licensors of polyethylene, and methyl methacrylate (MMA). Its finished silica-based catalysts and catalyst supports are necessary to produce high strength and high stiffness plastics used in packaging films, bottles, containers, and other molded applications.
ECVT - Ecovyst Inc
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