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
Navios Maritime Holdings Inc. is an infrastructure and logistics company in the Hidrovia region of South America. The Company operates through its subsidiary, Navios South American Logistics Inc. (Navios Logistics). Navios Logistics is focusing on the Hidrovia region river system. Navios Logistics serves the storage and marine transportation needs of its petroleum, agricultural and mining customers through its port terminals, river barge and coastal cabotage operations. Navios Logistics business is focused on two key transportation markets in South America: the Hidrovia region river system and the cabotage trade along the eastern coast of South America. Navios Logistics has about four owned fleet and seven product tanker fleet. The Company also has an interest in Navios Maritime Partners L.P., a shipping company which owns and operates dry cargo and tanker vessels.
NM - Navios Maritime Holdings Inc
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