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
Marks Electrical Group plc is a United Kingdom-based online electrical retailer. The Company sells, delivers, installs, and recycles a range of household electrical products. It operates within the United Kingdom’s major domestic appliances (MDA) and consumer electronics (CE) market. It offers over 4,000 products from over 50 brands across its main product categories, which include cooking, refrigeration, washers and dryers, dishwashers, audio-visual, small appliances, add-on services, microwaves, vacuum cleaners through to sinks and taps. The Company delivers direct to customers in its owned and branded vehicles, operated by the Company’s drivers, who are also able to offer installation and recycling services. Its premium brands include Bosch, Samsung, Miele, NEFF, LG, AEG, Smeg, Rangemaster, Siemens and Fisher & Paykel.
MRKM - Marks Electrical Group PLC
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