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
CF Energy Corp. is a Canada-based investment holding company. The principal activities of the Company and its subsidiaries are engaged in the distribution of natural gas for industrial, commercial and residential users in the People’s Republic of China (PRC). The Company operates through three segments. The Gas distribution utility segment includes gas sales, pipeline installation and connection, and compressed natural gas vehicle refueling. The Integrated smart energy segment uses multiple clean energy sources, including solar, hydro, electricity and natural gas to supply cooling, heating, as well as hot water to its customers in the Haitang Bay area of Sanya City, Hainan Province, the PRC; and supplies heat and power via the Company’s pipeline networks to its customers in Meishan City, Sichuan Province, the PRC. The Smart mobility segment operates an electric vehicle (EV) battery swap business in Sanya and Haikou City, Hainan Province and Zhuhai City, Guangdong Province, the PRC.
CFY - CF Energy Corp
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