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
FMC Corporation is an agricultural sciences company. The Company is engaged in providing solutions to growers with a product in crop protection, crop enhancement, and professional pest and turf management. It develops, markets, and sells all three classes of crop protection chemicals (insecticides, herbicides and fungicides) as well as biologicals, crop nutrition, and seed treatment products, which is grouped as plant health. Its insecticides are used to control a range of pests, while its herbicide portfolio primarily targets a variety of difficult-to-control weeds. Its product portfolio features two diamide-class molecules, namely Rynaxypyr (chlorantraniliprole) and Cyazypyr (cyantraniliprole) actives. Its technology portfolio includes specific innovations in plant health, application technology and delivery systems, as well as advanced agronomic insights through Arc farm intelligence, its precision agriculture platform that leverages artificial intelligence and machine learning.
FMC - FMC Corp
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