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
First Hydrogen Corp. is a Canada-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company has designed and built hydrogen-fuel-cell-powered light commercial demonstrator vehicles (LCV) under two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV has a range of 630+ kilometers. These vehicles are being trialed with an initial 16 fleet operators in the United Kingdom. The Company has launched its bespoke vehicle design phase, which develops its fleet of proprietary zero-emission vehicles. The Company is also developing capabilities working with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen, Germany. The Company is also pursuing opportunities in green hydrogen production and distribution in the United Kingdom, the European Union and North America.
FHYD - First Hydrogen Corp
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