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
The Good Shroom Co Inc. is a Canada-based company, which is engaged in the manufacturing of functional mushroom and cannabidiol (CBD)-infused products. The Company produces beverage products under the Teonan and Velada brands, which it is sold within the United States and in Canada. It uses mushrooms for physical, mental, and spiritual wellbeing. Its functional mushroom formula is developed from concentrated dual extracts of validated functional mushrooms for immune support and cognitive function. Its functional mushrooms include Reishi, Chaga, Lion’s Mane, Turkey Tail, Shitake and Maitake. The Teonan brand is a shopify based e-commerce platform delivering function mushroom beverages directly-to-consumers. The Velada brand specializes in tetrahydrocannabinol (THC) and CBD based beverages.
MUSH - Good Shroom Co Inc
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