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
CFOAM Limited is an Australia-based company that is engaged in the commercialization of its CFOAM business. The Company’s CFOAM products are an inorganic carbon material that is manufactured from coal, pitch, or lignin feedstock. CFOAM products are used across a wide variety of markets, including composite tooling for the aerospace sector, energy absorbing applications, and defense applications. CFOAM carbon foam is an enabling technology for a host of material systems and components. CFOAM can replace conventional materials in existing systems to increase product life cycle and to provide enhanced product performance properties. Its CFOAM carbon foam products include CFOAM20, CFOAM25, and CFOAM30, which are non-combustible coal-based carbon foams. Its CFOAM 35 HTC graphite foam is a graphitized, lightweight, highly oriented and open-cell carbon foam produced from mesophase pitch feedstock. Its subsidiaries include CFOAM Corp and CFOAM LLC.
CFO - CFOAM Ltd
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