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
Pitney Bowes Inc. is a global shipping and mailing company. The Company provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, among others. Its segments include Global Ecommerce, Presort Services and SendTech Solutions. The Global Ecommerce segment offers domestic parcel services, cross-border solutions, and digital delivery services. The Presort Services segment is engaged in providing mail sortation services to qualify first class mail, marketing mail, marketing mail flats and bound printed matter for postal work-sharing discounts. The Company’s SendTech Solutions segment offers physical and digital mailing and shipping technology solutions, financing, services, supplies and other applications to help simplify and save on the sending, tracking, and receiving of letters, parcels, and flats. Its cloud enabled infrastructure provides software-as-a-service (SaaS) offerings delivered online and via connected or mobile devices.
PBI - Pitney Bowes Inc
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.