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
Conn’s, Inc. is a specialty retailer that offers a selection of consumer goods and related services in addition to credit solutions for its core consumers. The Company operates through two segments: retail and credit. The retail segment operates primarily through its stores and website. The retail segment product offerings include furniture and mattresses, home appliances, consumer electronics and home office products from global brands across a range of price points. Its credit segment offers financing solutions to a large, underserved population of consumers. Its retail product categories include furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom, as well as both lay flat mattresses and mattress in a box offering. It offers home appliances, including refrigerators, freezers, washers, dryers, dishwashers and ranges. It also provides home office, including computers, tablets, monitors and accessories.
CONN - Conn's Inc
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