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
Eddy Smart Home Solutions Ltd. is a provider and developer of residential and commercial smart water metering products and monitoring services, helping property owners protect, control, and conserve water usage by combining water-sensing devices with behavioral learning software. Its suite of products protects property from leaks and floods with Intelligent Water Monitoring technology. The Company’s products include Eddy IQ, Eddy Valve, Eddy Link, Eddy H2O, Eddy Water Probe Sensor, Eddy Water Rope Sensor, Eddy Water Rope Sensor-Outdoor, and Eddy Temperature Probe Sensor. The Company’s solutions include buildings, multi-family residential, construction, retail, municipalities, submetering and homes. The Company has an interest in Eddy Smart Home Solutions Inc. (ESHSI). Its geographical location includes Canada and the United States.
EDY - Eddy Smart Home Solutions Ltd
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