All answers
Stocks and other assets
Do I need to purify my stock dividends?
Answered by the ShariaQuant team
Yes, if the company earns any income from prohibited sources, which nearly all listed companies do through interest on cash balances. Multiply your dividend by the company's impermissible income percentage and give that portion away. Companies that publish a purification rate have done the arithmetic for you.
How to purify non-compliant incomeThis is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.