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
Alpha HPA Limited is a specialty metals and technology company. The Company is focused on commercializing its licensed solvent extraction (SX) and refining technology to produce High Purity Alumina (HPA) and related products for use in the burgeoning lithium-ion battery and light emitting diode (LED) lighting markets. The Company operates through two segments: development of the HPA First Project and minerals exploration and evaluation. Its Gladstone-based HPA First Project produces a range of low carbon footprint HPA products for a range of applications while offering opportunities for local communities. Its HPA products are manufactured through its Smart SX technology. Its HPA products include Ultra HPA Powder & Tablets, Ultra Boehmite, Ultra Aluminum Nitrate, Ultra Gamma Alumina, and Ultra Aluminum Sulfate. The Smart SX Technology is a scientific process that enables to extract aluminum to generate a suite of Ultra High Purity aluminum products.
A4N - Alpha HPA Ltd
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