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
Cashmere Valley Bank is a state-chartered bank (the Bank). The Bank provides loan and deposit services to small and middle-market business and retail customers. The Bank offers a variety of deposit products to its consumer and commercial clients. Its Lending activities include the origination of real estate, commercial and agricultural business, dealer financing, leasing, and consumer loans. The Bank is also an active participant in the secondary market, originating residential loans for sale with servicing retained. The Bank is also an active participant in the secondary market, originating residential loans for sale with servicing retained. It operates over 11 branches in North Central Washington. The Bank’s subsidiary, Mitchell, Reed and Schmitten Insurance, Inc. (MRS) is an insurance agency and brokers that offers personal and commercial lines of insurance, including property, casualty, life, and health insurance. MRS is located in Chelan, Kittitas, Yakima and King counties.
CSHX - Cashmere Valley Bank
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