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
Fab-Form Industries Ltd. is a Canada-based company, which manufactures concrete-forming products. The Company develops, manufactures and distributes technology to form concrete footings, columns, foundations and walls for building structures. The Company also distributes Helix micro rebar into the BC market and Nudura insulating concrete form into the Lower Mainland of BC market. It offers Fastfoot footing forms, Fastfoot commercial forms, Fast-Tube column forms, Fab-Form ICF Monopour and ICF Zont bracing. Fastfoot is ideal for residential and commercial strip footings and pad edging. Fast-Tube is a utility fabric column form for forming round concrete columns. Fab-Form ICF Monopour uses the ICF block itself to form the footing. The Zont Bracing System consists of Zont waler brackets, Zuckle wall aligners, Zat catwalk brackets and carrying Zotes. Its project includes Kitimat Project, Green Lantern Project, Giusti Group Project, Kitgum Uganda Church and others.
FBF - Fab-Form Industries Ltd
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