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
National Westminster Bank PLC is a United Kingdom-based company, which offers of range of retail and commercial banking products and services. Its segments include Retail Banking, Private Banking Commercial Banking, and Central items & others. The Retail Banking segment serves personal customers in the United Kingdom (UK) and includes Ulster Bank customers. The Private Banking segment serves UK-connected, high net worth, individuals, and their business interests. The Commercial Banking segment serves start-up, small and mid-size enterprises (SME), commercial and corporate customers in the UK. The Central items & other segment includes corporate functions, such as NatWest Group treasury, finance, risk management, compliance, legal, communications, and human resource. The Company’s segments include bank accounts, savings, investments, credit cards, loans, mortgages, insurance overdrafts, buy now pay later and reward accounts and cards.
NWB - National Westminster Bank PLC
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