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
USCB Financial Holdings, Inc. is a bank holding company for U.S. Century Bank (the Bank). The Bank is a state-chartered, non-member financial institution, which provides financial services through its banking centers located in South Florida. The Bank operates approximately ten banking centers in South Florida providing a wide range of personal and business banking products and services. Its specialty banking offerings include small business administration (SBA) lending, yacht lending, homeowner association (HOA) services and global banking services. The Bank offers traditional deposit products, including commercial and consumer checking accounts, money market deposit accounts, savings accounts and certificates of deposit with a variety of terms and rates as well as a suite of treasury, commercial payments and cash management services. Additionally, it offers deposit products for municipalities and other public entities.
USCB - USCB Financial Holdings Inc
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