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
Graphene Manufacturing Group Ltd (GMG) is an Australia-based clean-technology focused company. The Company offers energy saving and energy storage solutions, enabled by graphene, including those manufactured in-house via a production process. Its segments include the energy savings segment and the energy storage segment. In the energy savings segment, GMG has focused on Graphene-enhanced heating, ventilating, and air conditioning (HVAC) coatings, lubricants and fluids. In the energy storage segment, GMG is focused on the commercialization of GMG graphene aluminum-ion batteries. GMG has developed a production process to decompose natural gas (i.e., methane) into its elements, carbon (as graphene), hydrogen, and some residual hydrocarbon gases. The Company serves various markets, such as facility management, transport and earth-moving, food supply management, retail, shopping centers and food outlets, and automotive operations and maintenance, and utilities, education, institutions.
GMG - Graphene Manufacturing Group Ltd
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