How much % to purify from investing profits

[Nawaaz]

Assalamu alaykum, Ibrahim/IFG have posted a guide to determining whether a stock is halal or not, see here: How to Buy Halal Stocks - Stock Screening Method | IFG — Islamic Finance Guru

All of the shariah screening methods I have come across (including IFG) state that the company can have a maximum of 5% haram income to be permissible.

As for purification of the haram amount (up to 5%), this thread on the IFG forum should hopefully clarify things for you

Purification Donation

Salam, According to AAOIFI standard, the haram elements of revenue of a public company should be less than 5%. Now if a company has 6% haram income, according to AAOIFI, do we donate 1% (which is the amount higher than 5%) or the whole 6%?

Hope this is helpful

JzkAllahkher
Nawaaz