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
ENB Financial Corp is a bank holding company. Its wholly owned subsidiary, Ephrata National Bank (the Bank), is a full-service commercial bank. The Company provides a range of financial services to individuals and small-to-medium-sized businesses in the Market Area. The Company offers a range of demand accounts, in addition to savings and time deposits. The Company also offers secured and unsecured commercial, real estate, and consumer loans. Its ancillary services include direct deposit and direct payments of funds through Electronic Funds Transfer, automatic teller machine linked to the Star network, telephone banking, MasterCard debit cards, Visa or MasterCard credit cards, and safe deposit box facilities. It offers internet banking, including bill pay and wire transfer capabilities, remote deposit capture, and an ENB Bank on the Go! app for iPhones or Android phones. It also offers a full complement of trust and investment advisory services through ENB’s Wealth Solutions.
ENBP - ENB Financial Corp
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