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
Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes – St. Lawrence Waterway. Its Domestic Dry-Bulk marine transportation segment includes ownership and management of the operational and commercial activities of its 18-vessel fleet. The Product Tankers marine transportation segment includes ownership and management of the operational and commercial activities of seven Canadian flag tanker vessels operating on the Great Lakes, the St. Lawrence Seaway and the east coast of North America, and three tanker vessels under international flag. Its The Ocean Self-Unloaders marine transportation segment includes ownership of eight ocean-going self-unloading vessels and a 25% interest in a ninth self-unloader. The Global Short Sea Shipping segment includes its NovaAlgoma joint ventures, which focuses on niche marine transportation markets featuring specialized equipment or services.
ALC - Algoma Central Corp
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