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
National Petroleum Services Co KSCP (NAPESCO) is a Kuwait-based public shareholding company that operates primarily in the oil and gas industry. The Company is engaged in carrying out cementing, coil tubing, pumping, stimulation and other associated services relating to drilling operations. The Company’s business operations are structured into three segments: the Oil Field Services segment covers cementing, stimulation, coiled tubing, nitrogen services, services tools and industrial cleaning; the Environmental services segment includes, among others, environment impact assessment (EIA) studies, environment monitoring and laboratory services, solid waste management, environmental audit and environmental training, and the Industrial Products and Services segment includes Halon management, fire fighting and fire alarm systems, as well as industrial products and services. NAPESCO has a wholly owned subsidiary, Napesco International Petroleum Services Company WLL.
NAPS - National Petroleum Services Company KSCP
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