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
Earth Alive Clean Technologies Inc. is a Canada-based company that uses microbial technology to formulate and manufacture ecological products for a variety of industries and exports its products to several regions around the world. The Company operates through two segments: Agriculture and Mines-Infrastructure. The Agriculture segment provides environmentally friendly products for retail and industrial use, such as fertilizers and soil amendments. The Mines-Infrastructure segment provides a biodegradable microbial product that abates dust. It sells the microbial spores in their primary or blended forms, and in ready-to-use powdered or liquid formulations. Its products include Soil Activator, ea1 and Rapidall. The Company develops, manufactures, and distributes microbial solutions and products that address soil degradation caused by erosion, nutrient depletion, acidification, and chemical pollution faced in the mining, agriculture, and industrial sectors.
EAC - Earth Alive Clean Technologies Inc
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