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
Lincoln Educational Services Corporation provides diversified career-oriented post-secondary education to high school graduates and working adults. The Company owns and operates over 22 campuses in over 14 states and offers programs in automotive technology, skilled trades, healthcare services, hospitality services and information technology. The Company’s segments include Transportation and Skilled Trades, Healthcare and Other Professions (HOPS), and Transitional. The Transportation and Skilled Trades segment offers academic programs mainly in the career-oriented disciplines of transportation and skilled trades, including automotive, diesel, heating, ventilation and air conditioning, welding and manufacturing. The Healthcare and Other Professions segment offers academic programs in the career-oriented disciplines of health sciences, hospitality, and business and information technology, including dental assistant, medical assistant, practical nursing, culinary arts and cosmetology.
LINC - Lincoln Educational Services Corp
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