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
Boom Logistics Limited is an Australia-based industrial services company. The Company is engaged in providing crane logistics and lifting solutions. It provides support to build new bridges, construct and install wind farms, maintain heavy plant and equipment on mine site, optimize existing infrastructure or handle everyday maintenance across rail and telecommunications network. Its segments include lifting solutions and labor hire. The lifting solutions consists of all lifting activities including the provision of cranes, travel towers, access equipment and all associated services. Labor Hire includes the provision of skilled labor with a wide range of trades, such as electricians, boiler makers, mechanics, plus the traditional crane and travel tower operators, riggers, truck drivers. Its projects and maintenance include mining and resource, infrastructure, renewables, wind farm maintenance, utilities, industrial maintenance and telecommunications.
BOL - Boom Logistics Ltd
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