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
Canadian Solar Inc. is a solar technology and renewable energy company. The Company is a manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects. The Company operates through two segments: Recurrent Energy, and CSI Solar. The Recurrent Energy segment consists greenfield origination, development, financing, execution, operations and maintenance, and asset management services. The CSI Solar segment primarily involves the design, development, manufacturing, and sale of a range of solar power products, including solar modules, solar system kits, battery energy storage solutions, energy and other materials, components, and services. The Company’s products include module, inverters, system kits, utility, and commercial energy storage. Its products include a range of solar modules for use in residential, commercial, and industrial solar power generation systems.
CSIQ - Canadian Solar Inc
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