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
PARTS iD, Inc. is a technology-driven, digital commerce company. The Company is focused on creating custom infrastructure and user experiences within niche markets. The Company offers an e-commerce platform for the automotive parts and accessories market. The Company’s digital commerce platform has been in-house from inception as a solution for industries with data limitations and parts fitment complexities. The Company’s in-house data catalog houses approximately 14 billion data points for automobiles and the Company’s other seven verticals, including semi-truck, motorcycle, powersports, RV/camper, boating, recreation and tools. Its data catalog is designed to tie vehicles with parts that fit their specific Year-Make-Model (YMM), including the variations of sub-model, engine size, transmission type and drivetrain type, as well as to recommend other products, such as tools required to install purchased parts and accessories.
ID - PARTS iD Inc
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