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
Advance ZincTek Limited (ANO) is an Australia-based company that manufactures aluminum oxide powder, zinc oxide dispersions and zinc oxide powder for the personal care sector. The Company’s Personal Care segment produces and distributes dispersions of mineral-only ultraviolet (UV) filters in cosmetic emollients used for sunscreen, skincare and pharmaceutical formulations, as well as alumina plate-like powders used for cosmetic applications. The Company’s products include ZinClear XP, Alusion (Alumina) and ZinClear IM Dispersions. ZinClear XP is a pharmaceutical grade non-nano zinc oxide powder. ZinClear XP is a mineral-based, broad-spectrum, UV filter, suitable for natural/mineral/vegan finished sunscreen, and personal care products. Alusion is a zinc-oxide coated alumina powder with sun protection factor (SPF) boost capabilities. Antaria provides a uniform platelet morphology giving superior slip, adhesion and transparency.
ANO - Advance ZincTek Ltd
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