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
FNCB Bancorp, Inc. is a bank holding company. It is engaged in the business of providing customary retail and commercial banking services to individuals, businesses and local governments and municipalities through 16 full-service branch offices. It provides various deposit products, including savings, money markets, certificates of deposit and checking accounts, including relationship products with premium benefits for higher-balance customers. It provides a variety of financing alternatives to individuals and businesses through the origination of loans and leases, including residential real estate loans, construction, land acquisition and development loans, commercial real estate loans, commercial and industrial loans, loans to state and political subdivisions, and consumer loans. It provides remote deposit capture, Merchant Services, Treasury Services, and purchasing cards. It also offers various mobile pay alternatives, such as Apple Pay, Samsung Pay, Google Pay and Zelle.
FNCB - FNCB Bancorp Inc
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