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
AML3D Limited is an Australia-based technology company. It is disrupting metal part supply chains using the Company’s patented wire additive manufacturing (WAM) process. WAM combines state-of-the-art welding science, robotics automation, materials engineering, and proprietary software to lead metal additive manufacturing globally. It is the original equipment manufacturer (OEM) of the ARCEMY industrial metal 3D printing systems. ARCEMY uses WAM to provide advanced, automated, point-of-need 3D manufacturing solutions that are efficient, cost-effective and have ESG outcomes compared to traditional casting, forging and billet machining processes. ARCEMY is the Internet of Things (IoT) and Industry 4.0 enabled to allow manufacturers across aerospace, defense, maritime, manufacturing, mining and oil & gas to become globally competitive. It also provides metal 3D printing design engineering services, software licensing, technical support, consumable sales and contract manufacturing services.
AL3 - AML3D Ltd
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