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
Illinois Tool Works Inc. is a manufacturer of a range of industrial products and equipment. The Company’s segments include Automotive OEM, Food Equipment, Test & Measurement and Electronics; Welding, Polymers & Fluids, Construction Products, and Specialty Products. Its Automotive OEM segment produces components and fasteners for automotive-related applications. Food Equipment segment produces ware washing equipment, cooking equipment, refrigeration equipment, food processing equipment, and kitchen exhaust, ventilation and pollution control systems. Its Test & Measurement and Electronics segment produces equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. Its Welding segment produces arc welding equipment, consumables and accessories for a range of industrial and commercial applications.
ITW - Illinois Tool Works Inc
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