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
Legend Power Systems Inc. is a Canada-based company, which is engaged in providing energy management platform. The Company’s principal business activities are the assembly, marketing, and sale of a patented device, the SmartGATE, which is combined with SmartGATE Insights (a metering and analytics package) is an energy management platform that enables power management of an entire commercial or light-industrial building to both diagnose and then overcome the building-level impacts of electric grid volatility with optimal power supply. The Company operates through two segments: Legend Power Systems Canada (Legend Canada) and Legend Power Systems Corp.- U.S. (Legend U.S.). SmartGATE is an energy management system that installs after the meter in line with its switchgear. The Company serves various sectors, including commercial real estate, multi-family, commercial real estate (CRE) office, industrial and energy service companies (ESCOs). Its subsidiary includes Legend Power Systems Corp.
LPS - Legend Power Systems Inc
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