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
Passat SA is a France-based holding company engaged in the video-assisted promotion and remote sale of various categories of products. The Company operates through its direct and indirect subsidiaries, such as Passat USA, Passat Espagne SA, Passat Italie SRL, Wind of Trade and Chimney Sweeping Log. It offers a portfolio of products, comprising fitness, beauty, health and leisure products, kitchen utensils and accessories; patented do-it-yourself products, home comfort and maintenance products, gardening products, toys and household products, among others. It operates under the brands, Stone Guard, Facil Home, Spirit of Beauty, Sprayza, Actiforme, Pleinair Jardin, Puissance Verte, among others. The Company has promotional in-store videos and it also distributes its products via teleshopping channels and mail-order catalogs. It has operations in France, Portugal, Spain, Italy, Canada and the United States.
PASS - Passat SA
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