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
MAV Beauty Brands Inc. is a Canada-based global personal care company that sells hair care, body care and beauty products in Canada, the United States, and internationally. The Company offers various products through retail partners and distributors. The Company has a diversified portfolio of four personal care brands, including Marc Anthony True Professional, Renpure, Cake Beauty and The Mane Choice. The Company’s products include hair care, body care and beauty products such as shampoo, conditioner, hair styling products, treatments, body wash, and body and hand lotion. The Company’s products are sold in approximately 25 countries around the world by over 100 retailers. In North America, MAV Beauty Brands’ products are primarily sold in the food, drug, mass (FDM) and specialty channels and e-commerce.
MAV - Mav Beauty Brands Inc
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