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
Archer Materials Limited is an Australia-based technology company that operates within the semiconductor industry. The Company is developing advanced semiconductor devices, including chips relevant to quantum computing and medical diagnostics. The Company is progressing the development of its 12CQ quantum computing qubit processor chip (12CQ chip) and lab-on-a-chip biochip technology (biochip). The 12CQ chip is utilizing a carbon-based architecture that has the potential for practical qubit processing. It is focused on advancing its 12CQ chip technology towards integration with mobile devices. Its biochip development involves integrating graphene with miniaturized lab-on-a-chip platforms for advanced medical diagnostics. It is designing and building its biochip in clean-room facilities and engineering materials at the atom-scale. It also develops its biochip for digitizing biologically relevant signals like those from viruses or bacteria.
AXE - Archer Materials Ltd
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