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
Purple Innovation, Inc. is a provider of comfort solutions. The Company offers a variety of branded and premium comfort products, including mattresses, pillows, cushions, bases, sheets, and more. It develops its products, through its proprietary gel technology, Hyper-Elastic Polymer. It has three mattress collections: Essentials, Premium, and Luxe, with mattresses ranging from its original Purple to its redesigned and improved Premium and Luxe mattresses. It sells five types of pillows: the Purple Harmony Pillow, the Purple Pillow, the Purple Twin Cloud Pillow, the Purple Cloud Pillow and the Kids Pillow. It offers Purple TempBalance Duvet and Purple PerfectStay Duvet covers. Its protector is also stain-resistant and machine-washable. It sells four types of seat cushions and one back cushion, all in varying sizes and shapes. It markets and sells its products through direct-to-consumer e-commerce, Purple-owned retail showrooms, and retail wholesale partners.
PRPL - Purple Innovation Inc
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