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
Felix Industries Limited is an India-based company that offers water treatment solutions to end customers. The Company holds a portfolio of approximately 450 proprietary technologies, including physicochemical, biological, membrane and bio membrane, membrane desalination, thermal and hybrid treatments to manage water in all its forms, including drinking water, industrial process water, ultrapure water, wastewater and seawater sewage effluent and others. The Company’s water and wastewater division is engaged in the construction of zero liquid discharge (ZLD) plants, industrial wastewater treatment, providing effluent recycling systems, providing waters to industries, domestic wastewater treatment, and recovery and reuse of industrial waste waters. Its industrial piping division provides industrial piping solutions, consultation services, and installation and trading.
FELX - Felix Industries Ltd
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