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
BluGlass Limited is an Australia-based company, which is engaged in developing semiconductor manufacturing technology. The Company is involved in development of the Company’s laser diode product portfolio for the industrial, biotech, and scientific markets. It is focused on the research and manufacture of Gallium Nitride (GaN) photonics industries, delivering custom laser and light-emitting diode (LED) development across the industrial, defense, display, and scientific markets. It offers end-to-end laser diode design, fabrication, and packaging capability. The Company develops a range of products that includes standard Metal Organic Chemical Vapor Deposition (MOCVD) laser diodes and differentiated Remote Plasma Chemical Vapor Deposition (RPCVD) laser diodes across a range of wavelengths in both single and multi-modes. The Company also develops a suite of laser diode products, from small batch custom lasers through to high-volume and off the shelf products.
BLG - BluGlass Ltd
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