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
ArcBest Corporation is a logistics company. It offers a suite of shipping and logistics solutions to meet customers’ supply chain needs. Its business segments include Asset-Based, which represents ABF Freight System, Inc. and certain other subsidiaries, including ABF Freight System (B.C.) ULC; ABF Freight System Canada ULC; ABF Cartage, Inc., and Land-Marine Cargo, Inc. (collectively ABF Freight) and ArcBest, its asset-light logistics operation, including MoLo, Panther, and certain other subsidiaries. The Asset-Based segment provides less-than-truckload (LTL) services through ABF Freight’s motor carrier operations. It offers transportation of general commodities through standard, time-critical, and LTL services. The ArcBest segment includes the acquired ground expedite services of Panther; its acquired truckload and dedicated operations, including the truckload brokerage services of MoLo; household goods moving services under the U-Pack brand, and its managed transportation solutions.
ARCB - ArcBest Corp
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