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
Driven Brands Holdings Inc. is an automotive services company providing a range of consumer and commercial automotive needs. The Company’s segments include Maintenance, Car Wash, Paint, Collision & Glass, and Platform Services. The Maintenance segment is primarily comprised of the Take 5 Oil Change (Take 5 Oil) and Meineke Car Care Centers (Meineke) brands. It includes oil changes and other regularly scheduled or as-needed automotive services, including vehicle component repair and replacement. The Car Wash segment primarily consists of express-style exterior car wash services that utilize an automated conveyor belt to pull vehicles along a track where they are machine washed and it is primarily offered through the IMO brand. Paint, Collision & Glass segment primarily consists of the CARSTAR, ABRA, Fix Auto, Maaco, Uniban and AGN brands. The Platform segment primarily consists of the 1-800-Radiator & A/C, PH Vitres D’Autos, Spire Supply and Automotive Training Institute (ATI) brands.
DRVN - Driven Brands Holdings Inc
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