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
Frontier Communications Parent, Inc. is a communications and technology provider. The Company is building infrastructure with its fiber-optic network and cloud-based solutions, enabling secure high-speed connections. It offers a portfolio of communications and technology services for consumer and business customers. These services are offered on either a standalone basis or in a bundled package, per individual customer needs. Services that the Company offers to its small and medium businesses (SMB) and larger enterprise customers include broadband, ethernet, traditional circuit-based services, software defined wide area network (SDWAN), managed wireless fidelity (Wi-Fi) and cloud information technology (IT) solutions, voice, and unified communications as a service (UCaaS), and Voice over Internet Protocol (VoIP). The Company also offers various customers advanced hardware and network solutions and services, such as voice services, video services, access services and others.
FYBR - Frontier Communications Parent Inc
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