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
Shiny Health & Wellness Corp. is a Canada-based independent cannabis retailer in Canada. The Company is a cannabis retailer focused on providing customer-driven health and wellness solutions and services. The Company segments include Cannabis and Pharmacy. The Cannabis segment sells cannabis and accessories. The Pharmacy segment sells pharmaceutical products and services. The Company’s subsidiaries include Shiny Bud Inc. and mihi Health & Wellness Inc. Shiny Bud Inc. is a cannabis retailer with approximately 28 corporate stores and 12 licensed stores strategically located across Ontario. It offers products, such as dried flowers, edibles, and vapes. mihi Health & Wellness Inc is focused on building a network of community pharmacies across Ontario.
SNYB - Shiny Health & Wellness Corp
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