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
Commercial National Financial Corporation is a bank holding company for Commercial Bank & Trust of PA. The Bank offers a full range of banking services including extending credit, providing deposit services, marketing non-deposit investments and offering financial counseling. The asset management and trust division located in Greensburg, Pennsylvania offers a variety of financial services and products. The Bank has seven banking offices located in Latrobe, Unity Township, Ligonier, West Newton, and Hempfield Township. Its personal banking services include checking account, saving account loan products and other services. Its business banking services include checking and saving account, and other services.
CNAF - Commercial National Financial Corp (Pennsylvania)
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