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
Westamerica Bancorporation is a bank holding company. The Company provides a full range of banking services to individual and commercial customers in Northern and Central California through its subsidiary bank, Westamerica Bank (the Bank). The Bank is a state-chartered commercial bank, which provides consumer and commercial financing with branches throughout Northern and Central California. The principal communities served are located in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south. In addition, the Bank owns Community Banker Services Corporation (CBSC), a company engaged in providing the Company and its subsidiaries with data processing services and other support functions. The Bank is engaged in the banking business through 77 branch offices in 21 counties in Northern and Central California. It owns 28 banking office locations and one centralized administrative service center facility and leases 55 facilities.
WABC - Westamerica Bancorp
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