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
Capital Power Corporation develops, acquires, owns and operates renewable and thermal power generation facilities and manages its related electricity and natural gas portfolios by undertaking trading and marketing activities. The Company is involved in the operation of electrical generation facilities within Canada, including Alberta, British Columbia and Ontario; and in the United States, including North Carolina, New Mexico, Kansas, Alabama, Arizona, North Dakota, Illinois, Texas and Michigan. It also holds a portfolio of wind and solar development sites in the United States and Canada. It builds, owns and operates generation facilities, which include renewables and thermal. It owns approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities across North America. Its projects in advanced development include approximately 310 MW of owned renewable generation capacity in North Carolina and Alberta and 512 MW of incremental natural gas combined cycle capacity.
CPX - Capital Power Corp
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