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
UFP Industries, Inc. is a holding company with subsidiaries throughout North America, Europe, Asia, and Australia that supply products primarily manufactured from wood, wood and non-wood composites, and other materials. The Company’s segments include Retail, Packaging and Construction. Its Retail Solutions segment is comprised of business units, such as ProWood, Sunbelt, Deckorators and UFP-Edge. The Retail Solutions segment is focused on distinct product offerings, which are grouped by brands and business units. Its Packaging segment is comprised of business units, such as Structural Packaging, PalletOne, and Protective Packaging Solutions. Its Construction segment is comprised of business units, such as Factory-Built Housing, Site-Built Construction, Commercial Construction, and Concrete Forming. Its ProWood and Sunbelt business units manufacture and sell treated lumber products, including decking, fencing, lattice and similar products, as well as decorative and functional lawn and garden products.
UFPI - Ufp Industries Inc
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