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 Seas Seafood Limited is an Australia-based company, which is a producer of aquaculture Yellowtail Kingfish. The principal activities of the Company are propagation of Hiramasa Yellowtail Kingfish, producing fingerlings for sale and growout; and growout of Hiramasa Yellowtail Kingfish for harvest and sale. The Company operates through two segments: Finfish Sales and Tuna Operations. The Finfish Sales segment is engaged in the propagation, grow out and sale of Yellowtail Kingfish. The Tuna Operations segment is engaged in research and development activities relating to Southern Bluefin Tuna. The Company’s hatchery and farms are located on South Australia’s Spencer Gulf. Its brands include Spencer Gulf Kingfish and South Australian Yellowtail.
CSS - Clean Seas Seafood Ltd
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