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
Vector Group Ltd. is a holding company for Liggett Group LLC, Vector Tobacco LLC and New Valley LLC. The Company operates through two segments: Tobacco and Real Estate. Tobacco segment is engaged in the manufacturing and selling of discount cigarettes in the United States through Liggett Group LLC and Vector Tobacco LLC. Liggett Group LLC manufactures and markets approximately 100 different cigarette brand styles. Liggetts Group LLC’s brand portfolio includes Montego, Eagle 20’s, Pyramid, Grand Prix, Liggett Select, Eve, USA and various partner brands and private label brands. Real Estate segment is engaged in the real estate investment business through New Valley LLC, which has interests in various real estate projects across the United States and is seeks to acquire or invest in additional real estate properties or projects.
VGR - Vector Group Ltd
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