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
Manitex International, Inc. is a provider of engineered lifting solutions and equipment rentals. The Company designs, manufactures and distributes a diverse group of products that serve different functions and are used in a variety of industries. The Company operates through two segments: the Lifting Equipment and the Rental Equipment. The Lifting Equipment segment is a provider of engineered lifting solutions. It manufactures a line of boom trucks, articulating cranes, truck cranes and sign cranes. It is also a manufacturer of specialized rough terrain cranes and material handling products. Its Rental Equipment segment rents heavy duty and light duty commercial construction equipment, mainly to commercial contractors on a short-term rental basis. It also rents equipment to homeowners for do-it-yourself projects. Through its subsidiaries, the Company manufacturers truck mounted hydraulic knuckle boom cranes and a full range of precision pick and carry industrial cranes.
MNTX - Manitex International Inc
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