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
First National Bank Alaska (the Bank) is a full-service commercial bank. Its principal activities include the receiving and lending of money. Additionally, the Bank provides trust banking services, escrow and contract collection services, bank card services, and safe deposit box facilities. These services are for businesses, industry, and individuals primarily within the state of Alaska. Its banking services are provided from over approximately 27 branches throughout Alaska. Its products include checking accounts, savings accounts, money market deposits, safe deposit services, certificate of deposit (CD) and individual retirement account (IRA), convenience banking, and online and mobile banking. It provides Mastercard Debit Cards, Mastercard Credit Cards, merchant services, cash flow solutions, escrow servicing, wealth management, business newsletter, treasury management, and workshop webinars. It provides federal housing administration loans and veterans administration loan program.
FBAK - First National Bank Alaska
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