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
Alto Ingredients, Inc. is a producer and distributor of specialty alcohols and essential ingredients, and the producer of specialty alcohols. The Company’s segments include marketing and distribution, Pekin production, and other production. The marketing and distribution segment includes marketing and merchant trading for Company-produced alcohols and essential ingredients on an aggregated basis, and sales of fuel-grade ethanol sourced from third parties. The Pekin Campus production segment includes the production and sale of alcohols and essential ingredients produced at the Company’s Pekin, Illinois campus. The other production includes the production and sale of fuel-grade ethanol and essential ingredients produced at all of the Company’s other production facilities. It produces specialty alcohols, fuel-grade ethanol and essential ingredients, focusing on various markets, such as health, home and beauty; food and beverage; essential ingredients, and renewable fuels.
ALTO - Alto Ingredients Inc
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