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
Bloom Energy Corporation is a provider of commercially viable solid oxide fuel- cell based power generation platform that provides power to businesses, essential services, critical infrastructure and communities. The Company’s technology primarily produces electricity and hydrogen. The Company’s fuel-flexible Bloom Energy Server uses biogas, hydrogen, natural gas, or a blend of fuels, to create sustainable power. In addition, the solid oxide platform powers its fuel cells, which is used for creating hydrogen. The Company’s Bloom Electrolyzer is designed to produce hydrogen solutions and is ideal for applications across gas, utilities, nuclear, concentrated solar, ammonia and heavy industries. Its Bloom Electrolyzer is designed to require less energy to break up water molecules and produce hydrogen. The Company has also adapted its energy servers to advance the decarbonization of the marine industry through the design and development of fuel cell-powered ships.
BE - Bloom Energy Corp
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