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
Babylon Pump & Power Limited is an Australia-based pumping and power generation specialists. The Company operates through two segments: Maintenance and Rental. The Maintenance segment primarily focuses on rebuild and maintenance services for large diesel driven equipment, including field service work and high-pressure water blasting and ancillary services to the resources sector. The Rental segment provides rental services of specialty diesel driven pumping and power generation equipment. It offers engine and component rebuilding solutions, from engine assessment and diagnostics services to complete rebuilds. It specializes in high-pressure pumping and filtration solutions and is engaged in supplying and maintaining equipment in remote and offshore locations. The Company provides complete project solutions, including equipment and operators for remote and demanding resource projects. The Company also has a QSK78 maintenance program that provides both site and workshop rebuild.
BPP - Babylon Pump & Power Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.