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
B&M European Value Retail SA is a Luxembourg-based holding company of the Group. The principal activity of the Group is variety retailing in the United Kingdom (UK) and France. The Company reports three segments: UK B&M; UK Heron and France Babou. The Company’s stores are in and out of town centers, retail parks, and local shopping parades and precincts. The Company’s branded B&M, Heron Foods and Babou stores offer a limited assortment within each of its products in food, grocery, and general merchandise ranges. The products are mainly sourced direct from manufacturers. In the UK retail market, B&M operates over 650 stores, and The Heron Foods chain has around 290 convenience stores. In the French retail market, Babou operates around 100 stores with the general merchandise, clothing, and footwear.
BMEB - B&M European Value Retail SA
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