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
Goodfellow Inc. is a Canada-based diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building material and floor coverings. The Company is a distributor, processor and importer of specialty wood products. The Company’s product categories include decking, lumber, siding, flooring, panels, specialties, insulation and soundproof, roofing, and wall concept. Its services include custom timber fabrication, HUNDEGGER K2, HUNDEGGER K2i, engineering services, container and van loading, and export prep and packaging. It has a distribution footprint from coast-to-coast in Canada, servicing commercial and residential sectors through lumber yard retailer networks, manufacturers, industrial and infrastructure project partners, and floor covering specialists. It also leverages its value-added product capabilities to serve lumber markets internationally. The Company has about six manufacturing and production operations. It has two wholly owned subsidiaries.
GDL - Goodfellow Inc
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