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
Emerson Radio Corp. designs, sources, imports, and markets a variety of houseware and consumer electronic products and licenses its trademarks to others on a worldwide basis for a variety of products. The Company’s core business consists of selling, distributing, and licensing various low and moderately priced houseware and consumer electronic products in various categories. The Company’s product categories include houseware products, audio products and other. Its houseware products include microwave ovens, compact refrigerators, and toaster ovens. Its audio products include clock radios, Bluetooth speakers, karaoke machines, and wireless charging. Its other products include televisions, lithium batteries, security products, and massagers. The Company markets its products in the United States, primarily through mass merchandisers and online marketplaces. The Company’s trademarks include Emerson, Emerson Research, H.H. Scott, iDEA, IDIVA, Olevia, SmartSet and Scott.
MSN - Emerson Radio Corp
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