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 Logistics Holdings, Inc. is a holding company. The Company owns subsidiaries engaged in providing a variety of customized transportation and logistics solutions. Operations aggregated in its Contract Logistics segment deliver value-added and/or dedicated transportation services to support in-bound logistics to original equipment manufacturers (OEMs) and retailers on a contractual basis. Its Intermodal segment is associated with local and regional drayage moves predominately coordinated by Company-managed terminals using a mix of owner-operators, Company equipment, and third-party capacity providers. Operations aggregated in its Trucking segment are associated with individual freight shipments coordinated primarily by its agents using a mix of owner-operators, Company equipment and broker carriers. Its Company-Managed Brokerage segment provides for the pick-up and delivery of individual freight shipments using broker carriers, coordinated by its Company-managed operations.
ULH - Universal Logistics Holdings Inc
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