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
Radient Technologies Inc. is a Canada-based commercial manufacturer of diverse, cannabis extracts and packaged products. The principal activities of the Company and its subsidiaries are research, development and commercialization of a technology for the extraction, isolation and purification of soluble products from a range of materials using microwave technology and a customized hydrocarbon extraction platform. The Company is focused on the formulation, manufacturing and launching of value-added cannabis products. The Company develops specialty products and ingredients that contain a range of cannabinoid and terpene profiles. Its extraction platform extracts cannabinoids from cannabis and hemp biomass at industrial scale volumes. It has developed various formulations for cannabis derivative products, which its clients and partners can introduce directly to the marketplace under their own brand name. Its Edmonton I facility can process about 56,000 kilograms (kg) of cannabis/year.
RTI - Radient Technologies Inc
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