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
Arab Banking Corporation BSC (ABC) is a Bahrain-based financial institution engaged in the banking sector. The Bank, together with its subsidiaries, provides trade finance, treasury, project and structured finance, corporate banking, financial institutions and syndications, as well as Islamic banking products. The Bank offers its services and products through four segments: the Universal Banking segment covers Retail and small and medium enterprises (SME) banking activities of the Bank in the Arab World; the International Wholesale Banking segment encompasses project and structured finance, trade finance and forfeiting, Islamic financial services, corporate banking & financial institutions, syndications and corporate finance; the Treasury segment comprises the activities of treasury, and the Others segment includes activities of the Bank’s subsidiaries include Banco ABC Brasil SA and Arab Financial Services Company BSCC.
ABCB - Arab Banking Corporation B S C
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