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
BikeExchange Limited is an Australia-based operator of global online cycling-focused marketplaces that enable a global audience of consumers to connect and transact with various retailers and brands. The marketplace provides a technology-driven platform to connect consumers with retailers of bicycle products and accessories through its platform. The Company’s geographic segments include Australia and New Zealand, Europe, North America, and Colombia. It is also engaged in a bicycle logistics business based in North Carolina, United States providing a specialist bike delivery service from retailers to consumers across the United States through Kitzuma Corp. It enables cycling retailers and brands through its technology product suite, functionality, and platform, providing an online channel that also supports their bricks and mortar presence and operations. The Company brings together buyers and sellers around the world for cycling purchases, with over 600,000 products available.
BEX - Bikeexchange Ltd
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