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
Enablence Technologies Inc. designs, manufactures and sells optical components, primarily in the form of planar lightwave circuits (PLC) on silicon-based chips. The Company utilizes its technologies, including PLC, in the production of an array of photonic components and broadband subsystems. It also uses its non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers. Its product lines offer access by connecting homes and businesses to the network; metro by communication rings within cities of different sizes; and long-haul by linking cities, countries and continents. It offers transmission, switching and routing, wavelengths management, and signal performance management for networks ranging from 1.25 to 400 gigabits per second. Its products serve data center and telecommunications infrastructure namely fifth generation (5G) end markets. Its products are used in both multiplexer (mux) and demultiplexer (demux) assembly applications.
ENA - Enablence Technologies Inc
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