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
Continental AG is a Germany-based company offering mobility solutions to automotive sector. The Company operates in four group sectors: Automotive, Tires, ContiTech and Contract Manufacturing. Automotive sector comprises technologies for passive safety, brake, chassis, motion and motion control systems. The sector is further divided into five business areas: Architecture and Networking, Autonomous Mobility, Safety and Motion, Smart Mobility and User Experience. Tires sector offers digital monitoring and tire management systems and other services. It is divided into Original Equipment, Replacement APAC, Replacement EMEA, Replacement The Americas and Specialty Tires business areas. ContiTech group sector develops and manufactures cross-material, environmentally friendly and intelligent products, and systems. It is divided into six business areas. Contract Manufacturing segment handles contract manufacturing for Vitesco Technologies and includes one business area.
CONG - Continental AG
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