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
Texas Capital Bancshares, Inc. is a financial holding company. The Company, through its subsidiary Texas Capital Bank (the Bank), provides a full-service financial services firm that delivers customized solutions to commercial businesses, professionals, entrepreneurs, and individuals. The Bank focuses on business banking, middle market, and corporate businesses based in Texas. Its business includes lending activities, treasury solutions and deposit products, wealth management and trust and investment banking. The Company offers a variety of loan, deposit account and other financial products and services to its customers. The Bank’s treasury capabilities include payments products, including Automated Clearing House (Automated Clearing House), commercial cards, and wire transfers, as well as lockbox solutions, funds transfers, and other treasury management services. The Bank’s investment banking solutions are offered through, Texas Capital Securities.
TCBI - Texas Capital Bancshares Inc
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