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
Bubs Australia Limited is a vertically integrated producer of goat milk formula. The Company is engaged in providing a range of organic baby food, goat milk infant formula products, adult goat milk powder products and fresh dairy products. It also provides canning services for nutritional dairy products. Its products include Bubs Easy-digest Goat Milk, Bubs Organic Grass-Fed Cow’s Milk, and Bubs Supreme A2 beta-casein Protein Milk Infant Formula ranges, and organic baby food, cereals and toddler snacks cater for all feeding occasions and stages of development from newborn through to childhood, while Vita Bubs infant and children’s vitamin and mineral supplements are also formulated with goat milk. Its products are sold supermarkets and pharmacies throughout Australia, as well as exported to the United States of America, China, Vietnam, Southeast Asia, and the Middle East. Its subsidiaries include The Infant Food Holding Co. Pty Limited and The Infant Food Co. Pty Limited.
BUB - Bubs Australia Ltd
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