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
ThredUp Inc. is an online resale platform for women’s and kids’ apparel, shoes and accessories. The Company’s marketplace enables buyers to browse and purchase resale items primarily women’s and kids’ apparel, shoes and accessories across a range of price points. The Company has various departments, including women, kids, juniors, designer, maternity, plus, shoes, handbags and accessories. The Company’s custom-built operating platform consists of distributed processing infrastructure, software and systems and data science knowledge. The Company has processed over 137 million various secondhand items from approximately 55,000 brands across 100 categories. The Company operates distribution centers across the United States and Europe. The Company’s subsidiaries include ThredUp Intermediary Holdings LLC, Knitwit GC LLC and Remix Global EAD.
TDUP - ThredUp Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.