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
Friwo AG is a Germany-based holding company engaged in the manufacturing power supplies and charging equipment. The Company operates four geographical business segments, including Germany, Rest of Europe, Asia and Other Regions. The Company is active in the fields of medical technology, information technology (IT), telecommunication, domestic appliances and power tools, along with the industrial applications sector. The Company’s product portfolio comprises power supplies, desktop power supplies, medical power supplies, universal serial bus (USB) power supplies, flush mounting power supplies, chargers and accessories, among others. The Company is engaged in both the manufacture and wholesale of power supply and charging equipment.
CEAG - Friwo AG
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