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
The Manitowoc Company, Inc. is a provider of engineered lifting solutions. The Company, through its subsidiaries, designs, manufactures, markets, distributes and supports comprehensive product lines of mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes. Its segments include the Americas, Europe and Africa (EURAF) and the Middle East and Asia Pacific (MEAP). Its crane products are used in various applications throughout the world, including energy production/distribution and utility, petrochemical and industrial, infrastructure, such as road, bridge and airport construction, as well as commercial and residential construction. It designs, manufactures and distributes a diversified line of crawler-mounted lattice-boom cranes, sold under the Manitowoc brand name, a line of top-slewing and self-erecting tower cranes, sold under the Potain brand name, and a line of mobile hydraulic cranes, sold under the Grove, Shuttlelift and National Crane brand names.
MTW - Manitowoc Company Inc
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