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
Focusrite plc is a United Kingdom-based audio technology company, which develops and markets hardware and software solutions. The Company trades under 11 brands, including Focusrite, Focusrite Pro, Martin Audio, Optimal Audio, ADAM Audio, Sequential, Linea Research, Oberheim, Novation, Ampify Music and Sonnox. It has a global customer base with a distribution network covering approximately 160 territories. The Company operates through five segments: Focusrite, Novation, ADAM Audio, Martin Audio and Sequential. Focusrite segment is engaged in selling Focusrite and Focusrite Pro branded products. Novation is engaged in selling novation or Ampify branded products. ADAM Audio is engaged in selling ADAM Audio branded products. Martin Audio is engaged in selling Martin Audio, Optimal Audio and Linea Research branded products. Sequential is engaged in selling Sequential-branded products. The Company’s subsidiaries include Focusrite Audio Engineering Limited, Focusrite Group US and other.
TUNE - Focusrite PLC
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