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
Conifex Timber Inc. is a Canada-based forest products company. The Company’s primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing and distribution. It produces lumber products and renewable energy from its sawmill and bioenergy plant in Mackenzie, B.C. Its lumber products include J-GRADE, 2&BTR, SELECT, STUDS, ECONOMY, and 3. It produces all grades of Western spruce-pine-fir (SPF) dimension lumber and studs. It produces up to 230 gigawatt hours (GWh) of energy per year to provide power to about 20,000 British Columbia homes and is sold to BC Hydro through a long-term power supply agreement. Its lumber products are sold in the United States, Canadian and Japanese markets. The Company also produces bioenergy at its power generation facility at Mackenzie, BC. Conifex Power Limited Partnership (CP Partnership) is its wholly owned subsidiary.
CFF - Conifex Timber Inc
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