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
Close the Loop Limited is an Australia-based company engaged in creating products and packaging that include recyclable and made-from recycled content. The Company collects, sorts, reclaims and reuses resources that would otherwise go to landfills. The Company is primarily engaged in recovering a range of electronic products, print consumables, eyewear and cosmetics, through the reuse of toner and post-consumer soft plastics for asphalt additives. It offers end-to-end solutions across packaging and consumables to a variety of markets, with advanced innovation in product development, as well as end-of-life take-back and recovery systems for complex commodities to reduce waste to landfills. It also offers battery collection and recycling services. Its products include Enviroliner and TonerPlas. Enviroliner felt tip pens use post-consumer recycled (PCR) ink from end-of-life inkjet cartridges. The Company has operations across Australia, Europe, South Africa, and the United States.
CLG - Close The Loop Ltd
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