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
Mission Valley Bancorp is a bank holding company, which operates through its two wholly owned subsidiaries, Mission Valley Bank (the Bank) and Mission SBA Loan Servicing LLC (Mission SBA). The Bank is a full-service, independent, commercial bank specializing in the banking needs of small to medium businesses with full-service branches in the San Fernando and Santa Clarita Valleys. Mission SBA is a de novo SBA lender service provider (LSP), which provides SBA lending services, such as underwriting, processing, closing, servicing, and referral/placement services, to other financial institutions.
MVLY - Mission Valley Bancorp
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.