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
Philip Morris International Inc. (PMI) is an international tobacco company. PMI delivers a smoke-free future and is evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. PMI’s product portfolio primarily consists of cigarettes and smoke-free products. PMI develops smoke-free products for adults who would otherwise continue to smoke. This includes the building of scientific assessment capabilities in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. PMI, through Swedish Match AB, creates a smoke-free champion led by its IQOS and ZYN brands. The United States Food and Drug Administration has authorized versions of PMI’s IQOS Platform 1 devices and consumables and Swedish Match’s General snus as Modified Risk Tobacco Products. PMI’s smoke-free products are available for sale in 78 markets and purchased by approximately 18.5 million adults around the world.
PM - Philip Morris International Inc
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