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
Vontier Corporation is a global industrial technology company. The Company is engaged in mobility and multi-energy technologies and solutions to meet the needs of a mobility ecosystem. Its Mobility Technologies businesses focus on integrated fueling solutions, retail solutions, alternative energy solutions, data-driven fleet and mobile asset management, and smart city infrastructure. Its Diagnostics and Repair Technologies business manufactures and distributes vehicle repair tools, toolboxes and automotive diagnostic equipment and software, and a full line of wheel-service equipment. The Company’s brands include driivz, DRB, Gilbarco Veeder-Root, Hennessy Industries, Matco Tools, Sparkion, and Teletrac Navman. Gilbarco Veeder-Root is engaged in providing integrated retail and commercial fueling solutions. Matco Tools manufactures, distributes, and services quality professional automotive repair and maintenance tools and equipment.
VNT - Vontier Corp
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