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
Carbon Revolution Limited is an Australia-based technology company and one-tier original equipment manufacturer (OEM). The Company is engaged in the manufacture and sale of carbon fiber wheels for automotive applications. The Company develops and manufactures single piece carbon fiber automotive wheels for original equipment vehicle manufacturers (OEM). The Company serves various industries, such as electric vehicle, aerospace, industrial, and motorsports. The Company has approximately six programs in production. It also provides associated engineering services and customer-owned tooling related to wheel sales to global OEMs.
CBR - Carbon Revolution Ltd
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