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
Emeco Holdings Limited is primarily involved in the provision of earthmoving equipment solutions and mining services solutions to its customers, as well as the maintenance and remanufacturing of major components of heavy earthmoving equipment. Its segments include Rental, Workshops and Pit N Portal. Rental segment provides a range of earthmoving equipment solutions to customers in Australia. Its additional technology platforms are developed to enable customers to improve the earthmoving efficiencies of their rental machines. Workshops segment provides maintenance and component rebuild services to customers in Australia. Pit N Portal segment provides a range of mining services solutions and associated services to customers in Australia. Its services include rentals, maintenance, fabrication, surface treatment, and others. It has operations in mining regions of Australia, with customers, including mining companies and contractors across coal, gold, copper, bauxite, iron ore and nickel.
EHL - Emeco Holdings Ltd
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