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
Solar Alliance Energy Inc. is a Canada-based energy solutions provider specializing in commercial and utility-scale solar installations. Its segments include Solar EPC and Solar Generation. It serves Tennessee, Kentucky, North Carolina, and South Carolina. Its Sunbox solar system includes solar panels, battery storage, an inverter, optimizers and racking for a complete solar solution. Along with residential solar panels, the Company also offers other home products that can be integrated with solar energy systems. It also offers generators and vehicle charger installations for electric cars. Its solar design and installation services are specifically tailored to create a turnkey experience for commercial businesses. It serves industries, such as agriculture, manufacturing, retail outlets, professional buildings, data centers and utilities. It provides solar panel installation options for commercial solar projects, such as roof space, carports, parking lots and ground mounted arrays.
SOLR - Solar Alliance Energy Inc
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