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
Community Bancorp. is a bank holding company for Community National Bank (the Bank). The Bank provides a range of loan and deposit services to the individuals, businesses, nonprofit organizations, and municipalities in its northern and central Vermont markets. Its services include business banking, commercial real estate lending, residential real estate lending, retail credit, municipal and institutional banking, and retail banking. It offers credit products for a variety of general business purposes, including financing for commercial business properties, equipment, inventories, and accounts receivable, as well as letters of credit. It offers business checking and other deposit accounts, cash management services, repurchase agreements, card processing, and remote deposit capture. It provides loan products, including personal loans, automobile loans and boat/recreational vehicle loans. It provides consumer banking services, including checking accounts, and mobile and telephone banking.
CMTV - Community Bancorp
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