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
Brilliant Earth Group, Inc. is an omnichannel fine jewelry company. The Company designs, procures, and sells diamonds, gemstones, and jewelry online and through about 26 showrooms operating within the United States. It offers collections of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. Its diamond engagement rings are made-to-order through its Create Your Own ring digital tool. Customers choose their ring setting, precious metal type, and ring size, and select a Beyond Conflict Free natural diamond or lab-grown diamond to create their one-of-a-kind ring. Its collection of wedding and anniversary rings includes classic precious metal bands and bands accented with diamonds or gemstones. Its gemstone rings feature distinctive center gemstones, including sapphires, emeralds, moissanites, aquamarines, and other colored gemstones. It also offers pre-set gemstone rings. Its collection of fine jewelry includes earrings, necklaces, and bracelets.
BRLT - Brilliant Earth Group Inc
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