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
Baader Bank AG is a Germany-based company offering investment and banking services. The Company offers trading and banking services to the capital market on a single platform. Its business activities are divided into six segments: Market Making, which includes provision of liquidity for stock exchange trading and market making; Capital Markets, which includes provision of capital market services, structuring and executing equity transactions; Multi Asset Brokerage, which includes all the services provided for institutional clients in the secondary market, both in Germany and abroad, as well as the placement and sale of market transactions; Asset Management Services, which includes support in executing fund mandates; Banking Services, which includes provision of services for fintechs, robo-advisors and independent asset managers across all asset classes, and Research, which includes equity and credit research.
BLMG - Baader Bank AG
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