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
Anterix Inc. is a wireless communications company, which is focused on commercializing its spectrum assets to enable its targeted utility and critical infrastructure customers to deploy private broadband networks and solutions. The Company holds licensed spectrum in the 900-megahertz (MHz) band (896-901/935-940 MHz) with nationwide coverage throughout the contiguous United States, Hawaii, Alaska, and Puerto Rico. The Company is focused on providing transformative broadband solutions for critical infrastructure industries and enterprises, including private wireless connectivity on 900 MHz spectrum and next-generation communications platforms. It owns licenses for the 399 channels in the 900 MHz band in approximately 20 metropolitan market areas in the United States. The Company is positioned to enable private Long-Term Evolution (LTE) broadband solutions that support customer-controlled operations.
ATEX - Anterix Inc
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