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 Financial USA, Inc.is a multi-bank holding company. The Company conducts its banking business through multiple community banks operating as either independent entities or independently branded divisions. Its Banks provide a range of commercial, small business, and consumer banking services to businesses, including public sector and non-profit entities. It provides traditional and non-traditional service channels, including online banking, mobile banking, and telephone banking. Its Banks provide a suite of banking services comprised of deposit and credit offerings, with treasury management and retirement plan services. Its primary lines of business include commercial banking, small business banking, agricultural loans, residential real estate mortgage lending, retail banking and wealth management, investment and insurance, and retirement plan services. It serves communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, New Mexico, Texas, and Wisconsin.
HTLF - Heartland Financial USA Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.