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
Simply Better Brands Corp. is a Canada-based company, which offers omni-channel platform with diversified assets in the emerging plant-based and holistic wellness consumer product categories. The Company is focused on informed Millennial and Generation Z generations in the rapidly growing plant-based, natural, and clean ingredient space. The Company focuses on expanding into consumer product categories, including plant-based food, clean ingredient skincare and plant-based wellness. It operates in one reportable segment, being the sale of consumer health and wellness products with sales principally generated from the United States. Its brands include PureKana, No BS Skincare and Truwomen. The PureKana brand is a hemp cannabidiol (CBD) based products to the marketplace. The PureKana brand product categories include tinctures, topicals, capsules, gummies, pet tinctures and treats, and bath bombs. The Truwomen brand offers Crafted bars for Millennial females.
SBBC - Simply Better Brands Corp
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