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
Caisse Regionale de Credit Agricole Mutuel Toulouse 31 SC, also knowns as CRCAM de Toulouse 31 or Credit Agricole TOULOUSE 31, is a France-based regional bank, which operates as a cooperative company with variable capital. The Bank is authorized to issue Certificats Cooperatifs d’Investissement (CCI), which are listed on Euronext Paris Stock Exchange. CCI are securities that do not carry voting rights and give their holders rights to a share of the net assets and to receive a dividend payment. Caisse Regionale de Credit Agricole Mutuel Toulouse 31 SC offers a number of services that include real estate loans, saving accounts, card issue, insurance, and also performs simulations to study mortgage and other financing. The Bank serves individuals, enterprises, professionals and associations, among others. CRCAM de Toulouse 31 is a member of the Credit Agricole Group and has a network of over 40 local banking outlets and more than 120 branches.
CAT31 - Caisse Regionale De Credit Agricole Mutuel Toulouse 31
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.