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
Park-Ohio Holdings Corp. is a diversified international company that provides customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. The Company operates through three segments: Supply Technologies, Assembly Components and Engineered Products. Its Supply Technologies segment provides its customers with Total Supply Management, a proactive solutions approach that manages all aspects of supplying production parts and materials to its customers manufacturing floors, from strategic planning to program implementation. Its Assembly Components segment includes extruded and molded rubber and thermoplastic products, fuel filler assemblies, and gasoline direct injection systems. Its Engineered Products segment designs and manufactures a range of engineered products, including induction heating and melting systems, pipe threading systems, and forged and machined products.
PKOH - Park Ohio Holdings Corp
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