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
Heartland BancCorp is a financial holding company. The Company’s principal activity is the ownership and management of its subsidiaries, Heartland Bank (the Bank) and TransCounty Title Agency, LLC. The Bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers in central Ohio and northern Kentucky. The Bank operates approximately 19 full-service offices located in Fairfield, Franklin and Licking Counties of Central Ohio and Boone, Campbell and Kenton counties of Northern Kentucky. It offers personal banking, business banking and lending services and products. Personal banking offering includes checking, savings, online banking, mobile wallet, rate center, debit and credit cards, and additional products and services. Business banking offering includes checking, savings, treasury management, products and services, and rate center. Lending solutions include home mortgage, personal loan, business loan, agribusiness and other.
HLAN - Heartland Banccorp
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