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
ScS Group plc is a United Kingdom-based holding company. The Company and its subsidiaries’ principal activity is the provision of furniture and flooring. The Company trades from 98 showrooms across the United Kingdom. The Company operates in both the furniture and flooring markets. The Company provides an in-house two-person home delivery and installation service for its furniture products from each of its nine distribution centers across the United Kingdom. Its flooring offering ranges from carpets and rugs to wood, laminate and luxury vinyl tiling. It offers a range of furniture and flooring online, including Web-exclusive products, which extend its range beyond that available in its showrooms. The Company is also engaged in offering a digital-first sofa and sofa-bed business specializing in modular and re-configurable sofas.
SCSS - ScS Group PLC
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