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
William Penn Bancorporation is a bank holding company. The Company, through its subsidiary, William Penn Bank (Bank) provides one-to four-family residential real estate mortgage loans, home equity lines of credit, construction residential and one- to-four-family investor commercial real estate, non-residential real estate, multi-family and construction and land loans. The Company offers traditional banking and related financial services to individual, business, and government customers. Through its branch network, the Bank offers an array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial and mortgage loans, and the providing of other financial services. The Bank serves the Delaware Valley area through approximately 12 full-service branch offices in Bucks County and Philadelphia, Pennsylvania, Burlington, Camden, and Mercer Counties in New Jersey.
WMPN - William Penn Bancorp
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