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
Heritage Global Inc. is an asset services company specializing in financial and industrial asset transactions. It provides various services, including acquisitions, refurbishment, dispositions, valuations, and secured lending. Its segments include the Industrial Asset Division and Financial Assets Division. The Industrial Asset Division includes Auction and Liquidation, which operates a full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment, and Refurbishment & Resale, which acquires refurbish and supplies specialized laboratory equipment. The Financial Assets Division includes Brokerage, which charges off receivables in the United States and Canada on behalf of lenders including banks, mortgage companies, and auto and alternative lending sources, and Specialty Lending, which offers specialty financing solutions to investors in charged-off and nonperforming asset portfolios.
HGBL - Heritage Global Inc
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