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
Lite Access Technologies Inc. is a Canada-based manufacturer, distributor, and installer of fiber optic technology. The Company specializes in micro-duct, air-blown fiber and micro trench and narrow trench installation methods. It provides clients with integrated solutions or select components for the design and implementation of fiber optic networks. The Company operates through three segments: sale of products, fiber optic installations and concrete cutting, based on the type of products sold and services provided. Its products include Direct Bury, Aerial Micro-Duct and Fiber Optic Mini-Cables. Its additional products also include fiber-optic cable, aerial micro-ducts, low fire hazard micro-ducts, connectors, and sundries. Its items include a cutting head, Shark Blades and the LiteXtend solution. Its end-users include homes, businesses, government and educational institutions, and emergency response facilities. It also offers breeze cable blowing machine and cutting equipment.
LTE - Lite Access Technologies Inc
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