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
Nano One Materials Corp. is engaged in the development of a patented process for the production of cathode active materials (CAM) for lithium-ion battery cathode materials. Its technology is applicable to electric vehicles, energy storage, consumer electronics, and next generation batteries. Its One-Pot process, its coated nanocrystal materials, and its Metal-to Cathode Active Material (M2CAM) technologies address the needs and supply chain constraints while reducing costs and carbon footprint. It offers coated nanocrystal technology that addresses a battery trade-off between energy density and durability. Its M2CAM technology (metals to cathode active materials) is focused on cost, waste, and the carbon footprint in the lithium-ion battery supply chain. Its One-Pot Process forms single crystal cathode powders and protective coatings process, which is being adapted for M2CAM, enabling these materials to be made directly from nickel, manganese, and cobalt metal powder feedstocks.
NANO - Nano One Materials Corp
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