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
Five Below, Inc. is a specialty value retailer offering merchandise targeted at the tween and teen demographic. The Company’s assortment of products includes select brands and licensed merchandise. The Company is engaged in offering a group of products, namely leisure, fashion and home and snack and seasonal. Leisure includes items, such as sporting goods, games, toys, tech, books, electronic accessories, arts and crafts, and party. Fashion and home includes items, such as personal accessories, t-shirts, beauty offerings, home goods and storage options. Snack and seasonal includes items, such as seasonal goods, greeting cards, candy and other snacks, and beverages. The Company also offers its merchandise on the Internet, through its fivebelow.com e-commerce website as well as with an on-demand third party delivery service to enable its customers to shop online and receive convenient same-day delivery. It operates in approximately 1,340 locations across 42 states.
FIVE - Five Below Inc
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