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
Bank7 Corp. is a bank holding company. Through its wholly owned subsidiary, Bank7 (the Bank), it operates about 12 full-service branches in Oklahoma, Texas, and Kansas. The Bank is a full-service commercial bank. The Bank is primarily engaged in providing a range of banking and financial services to individual and corporate customers located in Oklahoma, Texas, and Kansas. The Bank has a particular focus on loan categories, such as commercial real estate lending, hospitality lending, energy lending, and commercial and industrial lending. It also provides consumer lending services to individuals for personal and household purposes, including secured and unsecured term loans and home improvement loans. Consumer lending services include residential real estate loans and mortgage banking services, personal lines of credit, and other installment loans. The Bank offers deposit banking products, including commercial deposit services, commercial checking, and other deposit accounts.
BSVN - Bank7 Corp
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