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
Motorpoint Group Plc is a United Kingdom-based independent e-commerce led omnichannel vehicle retailer. The Company is focused on providing retail and trade customers the way of buying, selling and financing their car whether online, in-store or a combination of both. The Company’s segments include Retail and Wholesale. Its Retail segment includes Motorpoint brand, which is an omnichannel vehicle retailer offering nearly new cars that are under four years old or have completed less than 30,000 miles. This segment also includes a range of commercial vehicles under the Motorpoint brand. The Company’s Wholesale segment includes Auction4Cars.com, which is an independent trade car auction site offering a business to business entirely online auction marketplace platform for sale of part exchange vehicles which do not fall into the nearly new retail criteria and purchases direct from consumers. The Company has approximately 20 stores in the United Kingdom.
MOTR - Motorpoint Group PLC
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