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
JOANN Inc. is a fabric and craft specialty retailer. The Company operates in the sewing and fabrics category in the arts and crafts products. Its sewing and fabric category includes cotton fabrics, warm fabrications, home decorating and utility fabrics and accessories used in home-related projects, fashion and sportswear fabrics, special occasion fabrics, and seasonally themed and licensed fabric designs. The Company also offers yarn and yarn accessories, paper crafting components, craft materials, fine art materials, craft technology, artificial floral products, seasonal decor, home decor accessories and ready-made frames, and includes non-merchandise services. It offers its products both in stores and online. The Company operates approximately 833 store locations in over 49 states at an average size of approximately 22,500 square feet. The Company operates distribution centers in Hudson, Ohio, Visalia, California and Opelika, Alabama.
JOAN - Joann Inc
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