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
ECS Botanics Holdings Ltd is an Australia-based medicinal cannabis company. The Company is engaged in the cultivation and manufacturing of good manufacturing practice (GMP) medicinal cannabis with a facility in Northwest Victoria. The Company operates through two segments: ECS Botanics Pty Ltd, and Murray Meds Pty Ltd and Flowerday Farms Pty Ltd. ECS Botanics Pty Ltd is engaged in the sale of food and wellness products. Murray Meds Pty Ltd and Flowerday Farms Pty Ltd are engaged in the sale of medicinal cannabis plant-related products. It cultivates a range of strains for extraction and inhalation. The Company extracts resin from its strains for the formulation of oils and other products.
ECS - ECS Botanics Holdings Ltd
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