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
Caffyns plc is a United Kingdom-based company, which offers deals on new cars and used vehicles. The Company is a car dealer in the southeast of England. It offers a stock of new and used vehicles for sale at 18 locations across Sussex and Kent, including brands, such as Volkswagen, Audi, SEAT, SKODA, Vauxhall, Volvo, MG, LEVC, Lotus, Motorstore, Cupra and Motability. Its businesses include Audi, SEAT, SKODA, Vauxhall, Volvo, and Volkswagen. It provides service to its customers, as well as delivering servicing offers at manufacturer-approved service centers across the southeast. It offers a range of electric and hybrid vehicles. Its service includes service booking, manufacturer servicing, MOT, smart repairs, maintenance, and tires, among others. The Company offers MOTs for Audi, SEAT, SKODA, Vauxhall, Volkswagen, and Volvo models. The Company offers manufacturer approved tires for Audi, SEAT, SKODA, Vauxhall, Volkswagen, and Volvo.
CFYN - Caffyns PLC
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