Ultrapar Participacoes S.A. (Ne (UGP) - Not Halal (Non-Compliant)
Ultrapar Participacoes S.A. (Ne (UGP) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Result
- Pass
- Reason
- The sector "Energy" and industry "Oil & Gas Refining & Marketing" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 97.5% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 46.1% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 1.1% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.08%.Based on the company's financial statements, approximately 1.08% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (1.08% of total income). Some scholars may differ on the exact calculation method.
About Ultrapar Participacoes S.A. (Ne
Ultrapar Participações S.A., through its subsidiaries, operates in the energy, mobility, and logistics infrastructure sectors in Brazil, the rest of Europe, the United States, Canada, other Latin American countries, Oceania, and internationally. It operates through Ultragaz, Ipiranga, Ultracargo, and Hidrovias segments. The company distributes and sells oil-related products, biofuels, gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and additive fuels under the Ipimax brand to carriers, resellers, and retailers; operates service stations under the Ipiranga brand and convenience stores under the AmPm brand; and produces and sells lubricants under the ICONIC brand. It also engages in the distribution of bulk and bottled liquefied petroleum gas for the residential, condominium, trade, services, industrial, and agribusiness sectors; operation of a natural gas pipeline network; and provision of renewable electricity for businesses and households, as well as compressed natural gas and biomethane for corporate clients. In addition, the company operates liquid bulk storage terminals in logistics centers; waterway and multimodal infrastructure; and port operations. Further, the company offers logistics solutions for handling grains, ores, and fertilizers; automotive services through Jet Oil units; and loyalty programs under the Km de Vantagens (KMV) brand. It also exports its products and services. Ultrapar Participações S.A. was founded in 1937 and is headquartered in São Paulo, Brazil.
