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
Noodles & Company is a restaurant concept offering lunch and dinner within the fast-casual segment of the restaurant industry. The Company develops and operates fast-casual restaurants. The Company’s menu includes a variety of cooked-to-order dishes, including noodles and pasta, soups, salads and appetizers. The Company offers approximately 20 customizable dishes together on a single menu that is served in its restaurants, taken to-go, or delivered to its customers. The Company operates approximately 461 restaurants in 31 states, which included 368 company locations and 93 franchise locations. The Company’s restaurants are located in Arizona, California, Colorado, Connecticut, Florida, Idaho, Illinois, Indiana, Iowa, Maryland, Michigan, Minnesota and others.
NDLS - Noodles & Co
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