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
Elixinol Wellness Limited is an Australia-based hemp company. The Company is engaged in marketing and selling hemp-derived nutraceutical, cosmetic and food products. The Company’s operations are focused on various markets, including the Americas, which is engaged in marketing and selling Elixinol branded hemp and other plant-derived nutraceutical and skincare products based in Colorado, United States of America; Australia, which consists of Hemp Foods Australia, which is a hemp food wholesaler, retailer, manufacturer and exporter of bulk and branded raw materials and finished product; United Kingdom, South Africa, Japan, Brazil, Mexico and Malaysia (pending approvals), Elixinol branded products, which are available to consumers via distribution and/or trademark and know-how licensing agreements, and the Rest of World, which distributes Elixinol branded hemp-derived products through distributors. The Company trades its products under two core brands: Elixinol and Hemp Foods Australia.
EXL - Elixinol Wellness Ltd
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