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
Kirkland’s, Inc. is a specialty retailer of a home furnishings retailer. The Company provides a range of product categories, which include holiday, furniture, textiles, tabletop, home fragrance and wall decor. The Company’s merchandise categories include holiday decor, furniture, textiles, ornamental wall decor, art, decorative accessories, mirrors, home fragrance, housewares, lighting, floral, outdoor and gift. Its stores operate under the Kirkland’s, Kirkland’s Home, Kirkland’s Home Outlet, Kirkland’s Outlet, and The Kirkland Collection names. The Company operates a total of over 346 stores in over 35 states, as well as an e-commerce Website, www.kirklands.com, under the Kirkland’s Home brand. The Company’s stores locations include Texas, Florida, Georgia, North Carolina, Tennessee, California, Alabama, Illinois, Indiana, Pennsylvania, Louisiana, Ohio, Michigan, Missouri, South Carolina, Virginia, Kentucky, Arizona, Oklahoma, Mississippi, New Jersey, Arkansas, Wisconsin and others.
KIRK - Kirkland's Inc
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