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
Kibo Energy PLC is a multi-asset green energy development company. The principal activities of the Company and its subsidiaries are related to the development of renewable energy projects in Southern Africa and the United Kingdom. The Company is focused on developing projects within three focus areas: renewable/clean energy, reserve power and long-duration energy storage. Its segments include Mbeya Coal PP, Bordersley Power, Rochdale Power, PyeBridge Power, and Sustinery Energy. It is developing reserve power and waste to energy projects, while identifying other project pipelines in renewables and long-duration energy storage. It holds an interest in MAST Energy Developments (MED), which develops and operates Reserve Power plants across the United Kingdom. The Company also holds interest in Katoro Gold plc, a battery metals/gold exploration company.
KIBO - Kibo Energy PLC
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