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
Universal Stainless & Alloy Products, Inc. is engaged in manufacturing and marketing semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. Its manufacturing process involves melting, remelting, heat treating, hot and cold, rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. It produces a range of specialty steel grades using several manufacturing processes, including vacuum induction melting (VIM), vacuum-arc remelting (VAR), electro-slag remelting (ESR) and argon oxygen decarburization (AOD). The Company’s products are sold to service centers, forgers, and original equipment manufacturers (OEMs). Its customers process its products for use in a variety of industries, including power generation, oil and gas, heavy equipment, and general industrial markets. It also performs conversion services on materials supplied by customers.
USAP - Universal Stainless & Alloy Products Inc
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