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
Woolworths Group Limited is engaged in retail operations. The Company’s segments include Australian Food, Australian B2B, New Zealand Food, BIG W and Other. Australian Food segment is engaged in procurement of food and related products for resale and provision of services to customers in Australia. Australian B2B segment is involved in the procurement and distribution of food and related products for resale to other businesses and provision of supply chain services to business customers in Australia. New Zealand Food segment is engaged in the procurement of food and drinks for resale and provision of services to retail customers in New Zealand. BIG W segment is focused on the procurement of discounted general merchandise products for resale to retail customers in Australia. With approximately 1,400 stores across its Woolworths Supermarkets (Australia), Countdown Supermarkets (New Zealand) and BIG W brands, B2B business serving wholesale and export markets, and an e-commerce business.
WOW - Woolworths Group Ltd
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