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
Carnegie Clean Energy Limited is an Australia-based technology company. The Company is focused on the development and commercialization of its CETO and MoorPower wave energy technologies and complimentary products, including the Wave Predictor and Mooring Tensioner. CETO is a submerged, point absorber type wave energy technology. CETO is an advanced wave energy system suitable for a range of remote and utility scale markets globally. MoorPower is an integrated wave energy system for offshore demand applications such as offshore aquaculture. Wave Predictor is a system capable of precisely predicting upcoming waves using a machine learning algorithm that enables intelligent control for wave energy converters and supports optimized performance and costs. Mooring Tensioner is a product that provides the passive tension required for rotary electric power take-off systems. Its projects include Garden Island Microgrid, Microsoft AI for Earth project, CETO Next Generation and others.
CCE - Carnegie Clean Energy Ltd
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