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
Ecofibre Limited is an Australia-based diversified industrial hemp company. The Company operates three vertically integrated businesses focused on growth in natural health care, plant-based foods, and sustainable product solutions. The Company has three segments: Ananda Food, Ananda Health and Hemp Black. Ananda Food segment owns collections of hemp seed genetics. It is a manufacturer of hemp food products in Australia, including oil, seed and proteins. Ananda Health segment is a United States manufacturer of hemp-based nutraceuticals for the professional market. It produces cannabidiol (CBD) products for human and pet consumption and topical health and beauty products. Its products are focused on conditions, including sleep, pain, anxiety, endometriosis and gynecological diseases. Hemp Black segment is an industrial business focused on textiles and bioplastics, with specialist capabilities in yarn extrusion, knitting and polymer compounding. It uses hemp-based composite technology.
EOF - Ecofibre Ltd
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