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News Details

Statement and clarification on the percentage of purification of Qatar Fuel (WOQOD) shares.
Published on
7/13/2021

We would like to inform our valued customers that Dr. Ali Mohieddin Al-Qaradaghi, Secretary-General of the International Union of Muslim Scholars, announced in a statement that, as of July 1, 2021, the percentage of purification of profit for Qatar Fuel Company (WOQOD) shares has become 10.77%, and the value of purification of the stock is 0.079, after the interest rate decreased.

​It is worth noting that this percentage is still more than the percentage approved in Sharia Standard No. 21 (for AAOIFI), which is that the percentage of forbidden revenue does not exceed 5% of the total revenue.​

 

 

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