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
Cars.com Inc. is an automotive marketplace platform that provides a set of digital solutions that connect car shoppers with sellers. The Company enables shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. It enables dealers and automotive manufacturers (OEMs), with technical solutions and data-driven intelligence, to reach and influence ready-to-buy shoppers, acquire vehicles, provide financing tools with online loan screening and approvals, increase inventory turn and operating efficiency. Through its marketplace product the Company sells marketplace subscription advertising to dealer customers, which allow its dealer customers to showcase their available new and used vehicle inventory to its audience of in-market car shoppers. Through social media platforms it sells cars by launching multiple solutions for both dealers and OEMs to connect with in-market car shoppers on social media platforms.
CARS - Cars.com Inc
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