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
Advanced Braking Technology Ltd is an Australia-based company that is engaged in the design, manufacturing, and distribution of its braking solutions worldwide. The Company’s principal activities consist of research and development, commercialization, manufacture, and installation of Failsafe wet sealed braking systems and Terra Dura dry sealed braking systems. The Company also specializes in hill hold/park brake solutions. Its products include Failsafe Brakes, Failsafe Emergency Driveline Brakes, and Terra Dura Brakes. The Company supplies its brake solutions across seven continents for applications, including mining, civil construction, military, freight, agriculture, and recreational/enthusiast off road vehicles. The Company offers solutions for light vehicles, heavy vehicles, defense vehicles, autonomous vehicles, and electric vehicles. Its range of advanced brake solutions includes Terra Dura, Terra Dura X, Failsafe, Failsafe Emergency, and hill hold options.
ABV - Advanced Braking Technology Ltd
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