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
Chegg, Inc. provides products and services to learners with academic course materials, as well as career and personal skills development. The Company’s service and product offerings fall into two categories: Subscription Services and Busuu. Subscription Services include Chegg Study Pack, Chegg Study, Chegg Writing and Chegg Math. Chegg Study Pack is a premium subscription bundle. Chegg Writing subscription service consists of a premium paid subscription service providing students with a suite of tools, including plagiarism detection scans, grammar and writing fluency checking, personalized writing feedback, and citation generation. Busuu offerings that can be accessed internationally through its websites and on mobile devices, and skills and other, which encompasses its skills, advertising services, print textbooks and e-textbooks offerings. Its Busuu language learning platform offers a comprehensive solution through a combination of self-paced lessons, live classes with tutors.
CHGG - Chegg Inc
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