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
Affinity Bancshares, Inc. is a savings and loan holding company. The Company operates through its wholly owned subsidiary, Affinity Bank (the Bank). The Bank’s business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, commercial and industrial loans and residential real estate loans and, construction and land loans. The Bank offers customary banking services, such as consumer and commercial checking accounts, savings accounts, certificates of deposit, mortgage, commercial and consumer loans, including indirect automobile loans, and money transfers. It also invests in securities, which consist primarily of mortgage-backed securities and obligations issued by United States government-sponsored enterprises and Federal Home Loan Bank stock. It offers a variety of deposit accounts, including checking accounts, savings accounts, and certificates of deposit accounts.
AFBI - Affinity Bancshares Inc
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