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
Hornby Plc is a United Kingdom-based holding company. The Company is principally engaged in the development, design, sourcing and distribution of hobby and interactive home entertainment products. Its geographical segment includes the United Kingdom, United States of America, Italy, and the Rest of Europe. The Company also supplies diecast model vehicles and railway products to collector, gift and hobby markets in the United Kingdom, Hong Kong, and North America. It distributes its products through a network of hobby specialists, multiple retailers, and its own Website in the United Kingdom and overseas. The Company operates through seven operating subsidiaries: Hornby Hobbies Limited in the United Kingdom with a branch in Hong Kong; Hornby America Inc. in the United States; Hornby Espana S.A. in Spain; Hornby Italia s.r.l. in Italy; Hornby France S.A.S. in France; Hornby Deutschland GmbH in Germany and LCD Enterprises Limited in the United Kingdom.
HRN - Hornby PLC
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