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
Electro Optic Systems Holdings Limited is a technology company. The Company’s segments include Defense Systems and Space Systems. Defense Systems develops, manufactures, and markets advanced fire control, surveillance, and weapon systems to approved military customers. The Space Systems segment manufactures and supplies various telescopes and dome enclosures for customers around the world. Space Systems astrometric products provide optical systems and a specialization in optical, microwave and on-the-move radio and satellite products that deliver resilient and assured telecommunications for critical applications. The Company’s products incorporate electro-optic applications based on its technologies in software, laser, electronics, optronics, gimbals, telescopes and beam directors and mechanisms. It operates in Australia, the United States of America, Singapore, United Arab Emirates (UAE), New Zealand and Germany. It also develops and manufactures telescopes and dome enclosures.
EOS - Electro Optic Systems Holdings Ltd
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