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
United Security Bancshares is a bank holding company for its wholly owned subsidiary, United Security Bank (the Bank). The Bank is a state-chartered bank and operates three branches. The Bank has interactive teller machines (ITMs) at all branch locations and four off-site ITMs and five off-site ATMs at nine different non-branch locations. The Bank offers a full range of commercial banking services primarily to the business and professional community and individuals located in Fresno, Madera, Kern, and Santa Clara Counties, including a variety of deposit instruments including personal and business checking accounts and savings accounts, interest-bearing negotiable order of withdrawal (NOW) accounts, money market accounts, and time certificates of deposit. The Bank also offers a full complement of lending activities, including real estate mortgage, commercial and industrial, real estate construction, agricultural, and installment loans.
UBFO - United Security Bancshares
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