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
The Environmental Group Limited is an Australia-based company engaged in the design, application and servicing of gas and vapor emission control systems, inlet and exhaust systems for gas turbines, engineering services and developing water treatment solutions. It is a service install provider for heat transfer plant and equipment primarily related to boilers, including 24/7 customer service for mechanical, electrical and automation support to a variety of industries. It operates through five business units: Total Air Pollution Control (TPAC), Baltec Inlet & Exhaust Systems (IES), Tomlinson Energy Service, EGL Water, and EGL Waste Services. The TPAC offers a range of technologies which reduce dust, odors, and harmful gases from the environment. Its Baltec IES produces inlet and exhaust systems for gas turbines, which are used to complement and augment solar and wind energy production. EGL Water division continues to develop its technologies in conjunction with Victoria University.
EGL - Environmental Group Ltd
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