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
MiniLuxe Holding Corp. is a digital-first lifestyle brand and talent empowerment platform for the nail and waxing industry. The Company owns and operates nail and beauty salons and provides consumers with nail, hand, foot care, and waxing services, and sells personal beauty products. The Company operates through its talent and product segment. It also sells its own line of cruelty-free, nail and body care products, which can be purchased in-studio or via e-commerce. The Company is driven by a fully integrated digital platform that manages all client bookings, preferences and payments and provides designers with the ability to manage scheduling and client preferences, track their performance and compensation, and access training content. The Company operates a fleet of 20 fully owned and operated MiniLuxe / Paintbox studios (and 1 training center) as well as off-premises delivery (at residential, offices, and hospitality venues and events) through its MiniLuxe Anywhere offering.
MNLX - MiniLuxe Holding Corp
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