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
Amaero International Limited is an Australia-based company, which is focused on titanium, refractory, and specialty alloy powder production. The Company also offers advanced manufacturing applications that utilize alloy powder for aerospace and defense, space, medical and other industries. The Company operates through one segment: research, development, manufacture, and sales of laser-based metal additive goods. The Company uses cutting-edge technologies to produce refractory metals and specialty alloy powders for critical applications. The Company’s office and manufacturing facilities are located in Melbourne, Australia; El Segundo, California, United States and Abu Dhabi, United Arab Emirates (UAE). The Company’s wholly owned subsidiaries include Amaero Engineering Pty Ltd, AM Amaero Inc, Amaero Alloys Pty Ltd, and Amaero Advanced Metals Ltd.
3DA - Amaero International Ltd
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