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
Likewise Group Plc is a United Kingdom-based floor covering distributor. The principal activity of the Company is the wholesale distribution of floor coverings and associated products. Its brands include Likewise Matting, Dandy, Bruce Starke, Marquee Floors, Lewis Abbott, Factory Flooring, H&V Carpets, Likewise South East, Likewise Scotland, Likewise North East, Likewise North, Likewise Midlands, A&A, Valley Wholesale Carpets, Likewise South, Likewise London, and Delta. The Company operates from the national distribution hubs in Leeds and Birmingham, a national distribution center in Sudbury, a regional distribution center in Manchester, and three smaller regional logistics centers in Glasgow, Newcastle, and Peckham, as well as the operations of H&V BVBA in Belgium. The Company’s wholly owned subsidiaries include Likewise Trading Limited, William Armes Holdings Limited, Likewise Floors Limited, A&A Carpets Limited, H&V Carpets BVBA, and Likewise Limited.
LIKE - Likewise Group PLC
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