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
Destination XL Group, Inc. is a specialty retailer of big and tall men’s apparel with retail locations throughout the United States. The Company operates through the Retail segment. The Company operates under the trade names of Destination XL, DXL, DXL Men’s Apparel, DXL outlets, Casual Male XL and Casual Male XL outlets. Its DXL retail stores, e-commerce site, dxl.com, and mobile application offers its customers merchandise to fit a variety of lifestyles from casual to business, young to mature, in all price ranges and in all large sizes from XL and up. Its Casual Male XL retail stores primarily carry moderate-priced national brands and its own brands of casual sportswear and dresswear. It operates approximately 218 DXL retail stores, 16 DXL outlet stores, 28 Casual Male XL retail stores, 19 Casual Male XL outlet stores, and a digital business, including an e-commerce site at www.dxl.com, a mobile site, m.destinationXL.com and mobile application.
DXLG - Destination XL Group Inc
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