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
REX American Resources Corporation is a holding company. The Company operates through the ethanol and by-products segment. Its ethanol operations are focused on corn, ethanol, distillers grains, non-food grade corn oil and natural gas. The Company has interests in over six ethanol production facilities, which in aggregate shipped approximately 691 million gallons of ethanol. The Company has ownership of the gallons shipped by the ethanol production facilities, which has ownership interests in approximately 271 million gallons. The Company operates through its subsidiaries, including One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River). Its ethanol industry consists of approximately 199 plants in over 25 states with an annual capacity of approximately 17.9 billion gallons of ethanol production in the United States. The Company has approximately 1.4 billion gallons that are exported from the United States.
REX - REX American Resources Corp
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