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
GenusPlus Group Ltd is an Australia-based specialist power and communications infrastructure and services provider. The Company and its subsidiaries’ principal activities include the installation, construction and maintenance of power and communication systems. It offers full project life-cycle services, from design and engineering to commissioning, maintenance and decommissioning of power and communications infrastructure assets. Its segments include Infrastructure, Communications and Industrial Services. Its Infrastructure segment offers a range of services, including planning, designing, constructing, operating, testing, maintaining, managing and decommissioning power network assets. Its Communications segment is engaged in constructing networks, to maintain and upgrade existing infrastructure. Its Industrial Services segment provides integrated electrical and instrumentation (E&I) and mechanical services for all aspects of E&I and renewable energy projects.
GNP - GenusPlus Group Ltd
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