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
L3Harris Technologies, Inc. is a global aerospace and defense technology company. The Company’s Space & Airborne Systems segment includes space payloads, sensors and full-mission solutions; classified intelligence and cyber; avionics; electronic warfare; and mission networks for air traffic management operations. The Integrated Mission Systems segment includes multi-mission intelligence, surveillance and reconnaissance systems; integrated electrical and electronic systems for maritime platforms; advanced electro-optical and infrared solutions; fuzing and ordnance systems; commercial aviation products; and commercial pilot training operations. The Communication Systems segment includes tactical communications with global communications solutions; broadband communications; tactical data links; public safety radios, and system applications. Aerojet Rocketdyne segment includes missile solutions with technologies for strategic defense, missile defense, and hypersonic and tactical systems.
LHX - L3Harris Technologies Inc
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