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
Cafom SA (Centrale d’Achat Francaise pour l’Outre Mer SA) is a France-based company engaged in the mass distribution of household goods. It offers a range of products, including furniture, home appliances, consumer electronic goods, table art products and decorative items, among others. Cafom SA operates a network of outlets under such brands as But and Conforama, in the region of French Overseas Departments. It has two Internet Websites, www.vente-unique.com and www.diamant-unique.com. In addition, the Company has outlets in metropolitan France, China, India and Brazil. It is also active in the field of e-commerce. CAFOM SA has a number of subsidiaries, comprising SAS CAFOM Distribution, Habitat, SAS Socamo, SARL CAFOM Caraibes, SAS Vente Unique, SAS Intercom and SARL Musique et Son, among others.
CAFO - Cafom SA
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