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
iMedia Brands, Inc. is an interactive media company. The Company owns portfolio of lifestyle television networks, consumer brands and media commerce services. It operates through three segments: Entertainment, Consumer Brands and Media Commerce Services. Its Entertainment segment consists of its television networks, ShopHQ, ShopBulldogTV, ShopHQHealth, ShopJewelryHQ and 1-2-3.tv, which service homes throughout the United States, Puerto Rico, Germany and Austria. Its Consumer Brands segment consists of Christopher & Banks (C&B), J.W. Hulme Company (JW), Cooking with Shaquille ONeal (Shaq), OurGalleria.com andTheCloseout.com, which are primarily e-commerce within the United States. Its Media Commerce Services segment consists of iMedia Digital Services (iMDS), Float Left (FL) and i3PL, which service homes throughout the United States and Canada. FL is an over the top (OTT) software-as-a-service (SaaS) application platform that offers digital tools to the media and consumer brands.
IMBI - iMedia Brands Inc
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