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
FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle brand. The Company offers apparel and products for healthcare professionals. The Company markets and sells its products to approximately 14 countries directly through its digital platform. Its offerings include scrub wear and non-scrub wear, such as lab coats, under scrubs, outerwear, loungewear, compression socks, footwear and other lifestyle apparel. The Company’s under scrubs include sports bras, performance leggings and tops and Pima cotton tops. Its scrubs also feature easy-to-access zippered pockets for professional and personal items such as stethoscopes, scissors, smartphones and identification (ID) badges. The Company primarily designs all its products in-house and leverages third-party suppliers and manufacturers to produce its product components and finished products. It also offers necessities such as face masks, scrub caps, lanyards, badge reels, tote bags, baseball caps, and beanies.
FIGS - Figs Inc
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