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
carsales.com Limited is an Australia-based online automotive, motorcycle and marine classifieds business in Australia. The Company provides a marketplace to buy and sell cars, motorcycles, trucks, caravans, and boats. The Company operates through five segments: Australia-Online Advertising Services; Australia-Data, Research and Services; Australia-carsales Investments; Americas, and Asia. The Australia-Online Advertising Services segment includes online automotive classifieds and display advertising services. The Australia-Data, Research and Services includes automotive data services including software, analysis, research and reporting, valuation services, Website development, hosting, and photography services. The Australia-carsales Investments segment includes online tire retail and wholesale, mobility services and inspection services. The Americas and Asia segment includes online automotive classifieds, display advertising services and automotive data services.
CAR - Carsales.Com Ltd
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