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
FBR Limited is an Australia-based robotic technology company. The Company designs, develops and builds stabilized robots to address global needs. The Company’s robots are designed to work outdoors using the Company’s core Dynamic Stabilization Technology (DST). It is commercializing products for the construction sector together with DST-enabled solutions for other industries. Hadrian X is the first application of its DST, which measures dynamic interference and movement in real-time and counteracts this movement to maintain stability and deliver unprecedented precision in variable conditions. The Hadrian X provides Wall as a Service, its commercial offering, to builders on demand. Its Hadrian X builds block structures from a three-dimensional (3D) computer-aided design (CAD) model, producing far less waste than traditional construction methods while improving site safety. Hadrian X uses its DST, to work with precision in outdoor environments.
FBR - FBR Ltd
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