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
Global Partners LP owns, controls, or has access to terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania. The Company is an independent owner, supplier and operator of gasoline stations and convenience stores. It is a distributor of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in New England states and New York. It engages in the purchasing, selling, gathering, blending, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blend stocks, distillates, residual oil, renewable fuels, crude oil and propane, and in the transportation of petroleum products and renewable fuels by rail from the mid-continent region of the United States and Canada. It has over 1,700 retail locations in the Northeast. It also has its retail footprint in the mid-Atlantic region.
GLP - Global Partners LP
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