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 Technical Institute, Inc. is a workforce solutions provider of transportation, skilled trades, and healthcare education programs. It operates through two segments: Universal Technical Institute (UTI), and Concorde Career Colleges (Concorde). UTI segment operates over 16 campuses located in nine states and offers a range of degree and non-degree transportation and skilled trades technical training programs under brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology. UTI also offers manufacturer specific advanced training programs, which include student-paid electives, at its campuses and manufacturer or dealer sponsored training at certain campuses and training centers. Concorde segment operates over 17 campuses in eight states, offering degree, non-degree, and continuing education programs in the allied health, dental, nursing, patient care, and diagnostic fields.
UTI - Universal Technical Institute Inc
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