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
EVZ Limited is an Australia-based company, which is engaged in the engineering services sector. The Company’s segments include Engineering, Energy and Water. The Engineering segment designs, manufactures and installs large steel tanks, silos, cooling towers, pipe spooling, pressure vessels and fabricates structural steel. Its Energy segment designs and installs constant load power stations, back-up power generation equipment and sustainable/clean energy solutions. In addition, the segment services maintain and hires all types of generators and associated equipment. Its water segment designs symphonic roof drainage systems for large and /or complex roof drainage systems for large and/or complex roof structures, supplies and installs fiberglass panel tanks and prefabricated hydraulic systems. Its Syfon Systems are specialist turnkey roof drainage engineers with experience in the high rainfall regions across Australia and the Asia Pacific.
EVZ - EVZ Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.