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
NanoXplore Inc. is a Canada-based graphene company. The Company and its subsidiaries are engaged in manufacturing and supplying high-volume graphene powder for use in industrial markets. The Company operates through two segments: Advanced materials, plastics and composite products, and Battery cells. Its Advanced materials, plastics and composite products segment provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. Its Battery cells segment provides silicon-graphene-enhanced Li-ion battery for the Electric Vehicle and grid storage markets. The Company’s Carbon Technology Group specializes in the sale of its graphene powder, GrapheneBlack. GrapheneBlack powder is suitable for a wide range of applications, it is especially useful for improving the properties of plastics and polymers. It has manufacturing facilities across North America and Europe.
GRA - NanoXplore Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.