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
RH is a retailer and luxury lifestyle brand operating primarily in the home furnishings market. It offers merchandise assortments across various categories, including furniture, lighting, textiles, bath ware, decor, outdoor and garden, and baby, child, and teen furnishings. It sells Waterworks products online through www.waterworks.com. The Company’s websites also offer room-based navigation, which allows the customer to envision and shop items by room or by-product, expanding on the richness of the online experience. The Company distributes its products through a fully integrated sales platform comprising its retail locations, including RH Galleries and Waterworks Showrooms, Source Books, Trade and Contract, and Outlets. The Company operates retail locations throughout the United States, Canada, and the United Kingdom, and have an integrated RH Hospitality experience in 14 of its Design Gallery locations, which includes Restaurants and Wine Bar.
RH - RH
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