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
Olaplex Holdings, Inc. is a science-enabled, technology-driven beauty company. The Company focuses on improving the hair health of its consumers. Its product portfolio is comprised of about 15 complementary products specifically developed to provide a holistic regimen for hair health. Its products are offered through professional, specialty retail and direct-to-consumer (DTC) channels and are developed to address three key uses: treatment, maintenance, and protection. Its products have an ingredient, Bis-aminopropyl diglycol dimaleate (Bis-amino), which works on a molecular level to protect and repair hair from damage. The Company’s hair health platform includes four products that can be purchased and applied only by professional hairstylists, namely No. 1, No. 2, its 4-in-1 Moisture Mask and its Broad Spectrum Chelating Treatment. The Company sells its products directly to consumers through its brand Website, Olaplex.com, and third-party e-commerce platforms.
OLPX - Olaplex Holdings Inc
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