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
CarParts.com, Inc. is an online provider of aftermarket auto parts and accessories. The Company sells its products, identified as stock keeping units (SKUs), to individual consumers through its flagship Website at www.carparts.com and online marketplaces. It has developed a product database that maps its SKUs to product applications based on vehicle makes, models and years to help ensure the right part for each specific vehicle is provided. It classifies its products into three subcategories by function: replacement parts serving the wear and tear and body repair market, hard parts to serve the maintenance and repair market, and performance parts and accessories. The replacement parts category is primarily comprised of parts for the exterior of an automobile. The hard parts category is comprised of engine and chassis components as well as other mechanical and electrical parts. Performance parts and accessories consist of parts that enhance the performance of the automobile and others.
PRTS - Carparts.Com Inc
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