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
Industries Qatar Q.P.S.C is a holding Qatar-based company. The Company is engaged in three business segments: the Petrochemical segment, which produces and sells ethylene, polyethylene, methyl tertiary butyl ether (MTBE), methanol, caustic soda, ethylene dichloride, vinyl chloride monomer and other petrochemical products; the Fertilizer segment produces and sells urea, ammonia and other by products, and the Steel segment produces and sells steel pellets, bars, billets and others. The Company’s subsidiaries and joint ventures include Qatar Steel Company QSC, Qatar Petrochemical Company (QAPCO) QSC, Qatar Fertiliser Company QSCC and Qatar Fuel Additives Company Limited QSCC.
IQCD - Industries Qatar QPSC
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.