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
GreenHy2 Limited is an Australia-based clean energy company, which is engaged in the delivery of engineering solutions for renewable energy. The Company’s principal activities consist of solid-state hydrogen storage batteries supported by 100% renewable generation; construction across the infrastructure, telecommunications, power, renewable energy, industrial and commercial sectors; and asset management, maintenance and service. Its hydrogen storage solution comes in three sizes and are individually configured to fit into the H2G Energy Solution. The MINI with 425kWhrs of Storage, the MEDI with 2MWhrs of Storage and the MEGA with 4MWhrs of Storage or 250 kilograms (kg) of Hydrogen. Its HY2 System has an advanced digital platform synonymous with the GKN DNA. It provides big data and artificial intelligence (AI) control and simulation, creating the modeling and predictive capacity required by customers.
H2G - GreenHy2 Ltd
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