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
International Parkside Products Inc., through its wholly owned subsidiaries, is engaged in the business of producing and marketing optical, screen cleaning and eyeglass cleaning products. The Company uses patented carbon black technology and the new light carbon formula for international distribution. Its subsidiaries include Parkside Optical Inc. (Parkside Optical) and EIC Energy Interface Inc. (EIC). Parkside Optical manufactures and distributes a range of optical lens cleaning devices, such as LensPen, PEEPS, DigiKlear, Mini-Pro, Mini-Pro II, MicroPro, Smartphone camera cleaner, Laptop Pro, ScreenKlean, FilterKlear, DSLR Pro Kit, SensorKlear, SensorKlear Loupe Kit, SmartKlear, HunterPro Kits, Outdoor Pro Kits, FogKlear, Photo Pro Kits, Hurricane blower and Microfiber cloth. The Company serves optical and screen products including cameras, filters, binoculars, scopes, computers, digital picture frames, iPads, tablet computers, iPhones, and Android Phones.
IPD - International Parkside Products Inc
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