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
Aqua Metals, Inc. is engaged in reinventing metals recycling with its patented AquaRefining technology. The Company is pioneering a sustainable recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. The Company’s AquaRefining is a low-emissions, closed-loop recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover metals and materials from spent batteries with purity, lower emissions, and minimal waste. Its AquaRefining process produces purity metals and alloys that can be returned into the battery manufacturing supply chain. AquaRefining process has two key elements. The first is its use of a non-toxic solvent, which dissolves metal compounds. The second is an electro-chemical process modular and its Aqualyzer cells that selectively target each critical element and converts the dissolved metal compounds into high purity metals and/or salts.
AQMS - Aqua Metals Inc
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