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
Bank of San Francisco (Bank) is a state-chartered commercial bank. Bank of San Francisco is a state-chartered commercial bank. The Bank provides a full range of banking services to businesses, nonprofits and individuals located in its community. It provides a variety of deposit products, including checking, savings, and money market accounts and certificates of deposit. The Bank is also engaged in mortgage banking activities and, as such, originates and both brokers and retains one-to-four-unit mortgage loans in its portfolio. The principal market for the Bank’s financial services is San Francisco. The Bank offers real estate mortgages, real estate construction, and commercial and consumer loans to clients primarily in its principal market. The Bank also provides commercial real estate, residential real estate, construction and land, commercial and industrial, consumer loans, and other loans.
BSFO - Bank of San Francisco
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