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
Forward Air Corporation is an asset-light freight and logistics company. The Company provides less-than-truckload (LTL), final mile, truckload and intermodal drayage services across the United States and in Canada. The Company offers premium services that require precision execution, such as expedited transit, delivery during tight time windows and special handling. The Company’s Expedited Freight segment operates a national network that provides expedited regional, inter-regional and national LTL services. Expedited Freight segment offers customers local pick-up and delivery and other services, including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage and other handling services. Its Intermodal segment provides first- and last-mile high value intermodal container drayage services both to and from seaports and railheads. The Intermodal segment also offers contract and container freight station (CFS) warehouse and handling services.
FWRD - Forward Air Corp
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