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
Exro Technologies Inc. is a Canada-based clean technology company. It is focused on developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include Coil Driver and Cell Driver. Coil Driver is an adaptive traction inverter that replaces the standard 3-phase inverter in electric vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. Cell Driver is a fully integrated energy storage system designed for commercial and industrial applications. Equipped with its proprietary Battery Control System, the Cell Driver actively manages battery cells based on their state-of-health and state-of-charge to optimize operation, safety, and extend lifetime. It also offers end-to-end electric vehicle consulting and engineering services.
EXRO - Exro Technologies Inc
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