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
RPM Automotive Group Limited is an Australia-based company that is engaged in the wholesale distribution and retail of tires, auto parts, and accessories and owns a variety of brands in the automotive market. The Company operates through four segments: Motorsport, Repairs and Roadside, Wheels and Tyres, and Accessories. The Motorsport segment is engaged in the sale of specialized motorsport accessories. The segment also manufactures and sells Federation Internationale de l’Automobile (FIA) accredited motorsport racing suits using its trademarked RPM brand. The Repairs and Roadside segment is a carline licensee of auto repair workshops. The segment provides roadside assistance, specializing in tire repair and replacement for trucking and large plant and equipment. The Wheels and Tyres segment is engaged in the wholesaling of truck, heavy equipment, and motor vehicle tires. The Accessories segment manufactures specialized automotive accessories for the automotive aftermarket.
RPM - RPM Automotive Group Ltd
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