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
BOK Financial Corporation is a financial holding company. It offers full-service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three principal lines of business: Commercial Banking, Consumer Banking and Wealth Management. The Commercial Banking segment includes lending, treasury and cash management services and customer commodity risk management products for small businesses, middle market, and larger commercial customers. The Consumer Banking segment includes retail lending and deposit services, lending and deposit services to small business customers served through the retail branch network and all mortgage loan origination and servicing activities. The Wealth Management is engaged in brokerage and trading activities mainly related to providing liquidity to the mortgage markets through trading of United States government agency mortgage-backed securities and related derivative contracts.
BOKF - BOK Financial Corp
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