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
The TJX Companies, Inc. is an off-price apparel and home fashions retailer in the United States and worldwide. The Company’s segments include Marmaxx and HomeGoods, TJX Canada and TJX International. The T.J. Maxx and Marshalls chains in the United States (Marmaxx) are collectively the off-price retailers in the United States with a total of 2,482 stores. HomeGoods segment is an off-price retailer of home fashions in the United States with approximately 894 stores. HomeGoods offers an eclectic assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware, as well as expanded pet and gourmet food departments. The TJX Canada segment operates the Winners, HomeSense and Marshalls chains in Canada. Winners is the off-price family apparel and home fashions retailer in Canada. The TJX International segment operates the T.K. Maxx and Homesense chains in Europe and the T.K. Maxx chain in Australia.
TJX - TJX Companies Inc
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