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
The Vita Coco Company, Inc. is a platform for brands in the functional beverage category. The Company’s portfolio is led by its Vita Coco brand, which is engaged in the coconut water category in the United States, and includes coconut oil, juice, hydration mix and milk offerings. Its other brands include the clean energy drink Runa; sustainable enhanced water, Ever & Ever; and protein-infused water, PWR LIFT. It also supplies private label products to retailers in both the coconut water and coconut oil categories. Its Americas segment, comprised of its operations primarily in the United States and Canada, and the International segment is comprised of operations primarily in Europe, the Middle East, Africa, and the Asia Pacific regions. It offers Vita Coco coconut water as an alternative to sugar-packed sports drinks and other less healthy hydration alternatives. Its products are distributed primarily through club, food, drug, mass, convenience, e-commerce, and foodservice channels.
COCO - Vita Coco Company Inc
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