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
GrowGeneration Corp. operates a chain of specialty retail hydroponic and organic garden centers in the United States and is a marketer and distributor of nutrients, growing media, lighting, ventilation systems and other products for hydroponic and organic gardening. The Company also engages in the distribution of private label products and commercial benching. The Company operates through three segments: Retail, E-Commerce and Distribution and other. It has over 60 retail locations across 16 states in the United States. It also operates an online superstore for cultivators at growgeneration.com, as well as a wholesale business for resellers, HRG Distribution and MMI. Its products include proprietary brands such as Ion Lighting, PowerSi monosilicic acid, Charcoir coco pots, cubes and medium, Drip Hydro liquid and powder nutrients, MMI Agriculture benching and racking, and Durabreeze fans, and others. It also provides facility design services to commercial growers.
GRWG - GrowGeneration Corp
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