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
Loop Energy Inc. is a Canada-based company that designs and manufactures hydrogen fuel cell systems targeted for the electrification of commercial vehicles, including transit buses and medium to heavy-duty trucks. The Company’s products feature the Company’s eFlow technology in the fuel cell stack’s bipolar plates. eFlow technology enables commercial customers to achieve superior performance and higher fuel efficiency, delivering lower cost of ownership and shortest time to market. Its products are reshaping the industry with an unmatched combination of fuel efficiency, power density and fuel durability with its patented designs and technological advancements. Its 120 kW fuel cell is designed as a fully integrated system that not only offers a plug-and-play solution, but also includes flexible packaging with moveable components. It also works with original equipment manufacturers and vehicle sub-system suppliers to enable the production of hydrogen-fuel cell electric vehicles.
LPEN - Loop Energy Inc
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