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
Clean TeQ Water Limited is an Australia-based water treatment company. The Company’s principal activity is the provision and development of technology solutions for water treatment and water reuse and resource recovery to government entities and companies, including municipal, industrial and mining sectors. Its technology solutions include desalination, nutrient removal, zero liquid discharge and hardness removal. Its sectors of focus include municipal wastewater, surface water, industrial wastewater and mining process water. Its products include CIF (Continuous Ionic Filtration), HIROX (Ultra High Recovery Reverse Osmosi), DESALX (Membrane Free Desalination), BIOCLENS (Encapsulated Bacteria Lenses), BIONEX (Nutrient Removal), and EVAPX (Evaporation and Crystallization). It is also engaged in developing a membrane based on graphene oxide for water and wastewater filtration. Its subsidiaries include Clean TeQ Water Operations Pty Ltd, Associated Water Pty Ltd, and NematiQ Pty Ltd.
CNQ - Clean TeQ Water Ltd
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