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
Reed’s, Inc. owns a portfolio of handcrafted, all-natural beverages, which sells in approximately 45,000 outlets nationwide. These outlets include the natural and specialty food channels, grocery stores, mass merchants, drug stores, convenience stores, club stores, liquor stores, and on-premises locations including bars and restaurants. The Company’s brands include Reed’s Craft Ginger Beer, Reed’s Real Ginger Ale, Reed’s Mules, and Reed’s Hard Ginger Ale, and Virgil’s Handcrafted Soda. Its products include Reed’s Original Ginger Beer, Reed’s Premium Ginger Beer, Reed’s Extra Ginger Beer, Reed’s Strongest Ginger Beer, Reed’s Zero Sugar Extra Ginger Beer, Reed’s Real Ginger Ale, Reed’s Zero Sugar Real Ginger Ale, Reed’s Zero Sugar Classic Mule, Reed’s Wellness Ginger Shots, as well as Virgil’s Handcrafted Sodas, including the Handcrafted Line and Zero Sugar Line. It sells its products throughout the United States, Canada, the United Kingdom, South Africa and the European Union.
REED - Reed's Inc
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