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
CFSB Bancorp, Inc. is the holding company for Colonial Federal Savings Bank (the Bank) and its subsidiaries. Colonial Federal Savings Bank is a federally chartered mutual savings bank. The Bank conducts operations from its three full-service banking offices and one limited-service banking office located in Norfolk County, Massachusetts. Its business consists primarily of taking deposits from the public and investing it. The Bank’s principal lending activity is in one- to four-family residential real estate loans, multi-family real estate loans, commercial real estate loans, second mortgage loans, home equity lines of credit and consumer loans. The Bank also invests in securities, which consists of mortgage-backed securities issued by United States government sponsored enterprises and municipal and corporate bonds.
CFSB - CFSB Bancorp Inc
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