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
Aramis Group SAS is a France-based company which provides an online platform services to purchase used cars in Europe. The Company allows anyone to switch vehicle where, when and how they want within 48 hours. It works with an array of Brands which include Aramisauto, Cardoen, Clicars, and CarSupermarket. The Company focuses on 4 strategic orientations which include Continue, Consolidate, Deploy, and Develop. It also works towards on reducing the impact on the environment.
ARAMI - Aramis Group SAS
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