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
N Brown Group plc is a United Kingdom-based clothing and footwear digital retailer. The Company designs, sources and creates own-range and branded fashion and homewares. Its segments include Product Revenue and Financial Services (FS). The Company’s strategic brands include JD Williams, Simply Be and Jacamo. Its heritage brands are Ambrose Wilson, Home Essentials, Fashion World, Marisota, Oxendales and Premier Man. JD Williams is an online boutique, which distributes own brand and third-party brand fashion and home products for 45 – 65-year-old women. Simply Be is a women’s clothing retailer, which offers a fashion collection regardless of the size. Jacamo is a size-inclusive online fashion and grooming brand for men, targeting men aged 25 – 50. Home Essentials is a standalone one-stop home brand focused on modern homeware and enabled by a credit offering. It also offers finance solutions through its customer accounts and a range of convenient delivery options.
BWNG - N Brown Group PLC
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