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
Entyr Limited is an Australia-based tire processing company. The Company is focused on applying its thermal desorption technology to cleanly converting end of life tires into valuable products, such as fuel oil, steel, carbon char and energy, as well as waste-to-energy opportunities. Through upcycling end-of-life tires and waste rubber, it creates products which replace resources for use in manufacturing and decarbonizing infrastructure. The Company’s thermal desorption units (TDUs) convert end-of-life tires into four raw products, including Entyr Carbon Black (eCB), Entyr Tyre Derived Fuel Oil (eTDFO), steel, and gas. Its eCB and eTDFO are sold commercially to the asphalt industry, the steel is recycled, and the non-condensable gases (vented) can be used to produce electricity to run the process. Its eCB is a fine powdered substance that has been used to produce asphalt. Its process comprises a thermal baking process rather than burning of toxic waste.
ETR - Entyr Ltd
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