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
Clear Blue Technologies International Inc. is a Canada-based company, which is engaged in the business of developing and selling Smart Off-Grid power solutions and management services. The Company provides its solutions and services to the power, control, monitor, manage, and proactively service solar and hybrid powered systems such as streetlights, security systems, telecommunications systems, emergency power, satellite, Wi-Fi, and Internet of Things (IoT) devices. Its Smart Off-Grid system includes its solar or solar-hybrid controller, a built-in communications network, and Illumience. Illumience is Company’s Smart Off-Grid cloud application and management service, delivering remote control, management, and proactive servicing of off-grid systems. The Company provides its Smart Off-Grid technology and services to original equipment manufacturers (OEMs) to incorporate into their own off-grid solutions. The Company also specializes in power supply systems for telecom sites.
CBLU - Clear Blue Technologies International Inc
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