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
1847 Holdings LLC is an acquisition holding company focused on acquiring and managing a group of small businesses. The Company operates through four segments: Retail and Appliances, Retail and Eyewear, Construction and Automotive Supplies. The Retail and Appliances Segment provides laundry, refrigeration, cooking, dishwashers, outdoor, accessories, parts, and other appliance related products, and services. The Retail and Eyewear Segment provides a variety of eyewear products, such as non-prescription reading glasses, sunglasses, blue light blocking eyewear, sun readers, and others. The Construction Segment provides finished carpentry products and services, including door frames, base boards, crown molding, cabinetry, bathroom sinks and cabinets, bookcases, built-in closets, fireplace mantles, windows, and custom design and build of cabinetry and countertops. The Automotive Supplies Segment provides horn and safety products, and vehicle emergency and safety warning lights.
EFSH - 1847 Holdings LLC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.