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
Fulcrum Utility Services Limited is an independent provider of essential utility services, including multi-utility connections and renewable energy infrastructure. The Company operates through two segments, Infrastructure and Utility assets. Its Infrastructure segment provides utility infrastructure and connections services. Its Utility assets segment comprises of both the ownership of gas, electrical and meter assets and the conveyance of gas and electricity through its transportation networks. The Gas transportation services are provided under the iGT license granted from Ofgem and the electricity services are provided under the iDNO license granted from Ofgem. It provides services across a range of sectors, including housing; industrial and commercial (I&C), including electric vehicle (EV) and HV connections, and maintenance and ownership. It provides its utility services, such as maintenance for electrical systems and renewable energy generating infrastructure and design.
FCRM - Fulcrum Utility Services Ltd
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