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
Xinjiang Daqo New Energy Co Ltd is a China-based company principally engaged in the research and development, manufacturing and sales of high-purity polysilicon. The Company’s main product is polysilicon. The Company’s products are mainly used in the production of photovoltaic silicon wafers, which are used in the production of downstream photovoltaic cells, photovoltaic cell modules and photovoltaic power generation systems and other solar photovoltaic products. The Company mainly conducts its business in the domestic market.
688303 - Xinjiang Daqo New Energy Co Ltd
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