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
Cincinnati Bancorp, Inc. is a savings and loan holding company. The Company conducts its business principally through its wholly owned subsidiary, Cincinnati Federal (the Bank). The Bank is a chartered stock savings and loan association that is primarily engaged in providing a full range of banking and financial services to individual and corporate customers. It provides originating nonresidential real estate and multi-family loans, and, to a lesser extent, construction, consumer and commercial business loans. It offers a variety of deposit accounts, including checking accounts and savings accounts. Its business operations are conducted in the larger Greater Cincinnati/Northern Kentucky metropolitan area which includes Hamilton, Warren, Butler and Clermont Counties in Ohio, Boone, Kenton and Campbell Counties in Kentucky, and Dearborn County, Indiana.
CNNB - Cincinnati Bancorp Inc
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