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
Envirosuite Limited is an Australia-based environmental intelligence technology company that develops and sells environmental management technology platform solutions. Its geographic segments include Asia-Pacific (APAC), Americas and Europe, Middle East and Africa (EMEA). The Company provides software as a service (SaaS) and solutions as a service for managing and mitigating environmental impacts on communities in relation to noise, vibration, odour, dust, air and water. The Company’s environmental monitoring devices harness the power of Envirosuite software. It offers digital twin technology for water treatment, powered by machine learning and deterministic modelling. The Company’s software combines science and technology to allow it to engage with communities and make real-time decisions to minimize costs and optimize operations. The Company provides an advanced environmental intelligence platform for the aviation, waste, wastewater, water treatment, mining and industrial industries.
EVS - Envirosuite Ltd
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