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
NEXE Innovations Inc. is a Canada-based compostable materials company. The Company designs, manufactures and commercializes compostable materials for everyday consumer products. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. Its product NEXE Pod is a plant-based, fully compostable, and single-serve coffee format machines. Its wholly owned subsidiary, Xoma Operations Inc, provides products that are packaged in the fully compostable and plant-based NEXE pod. The Company’s products include XOMA Keto Cocoa, XOMA Matcha, XOMA Turmeric, Golden Milk, XOMA Coffee Fortified with MCT, XOMA Mindful Mushroom Coffee, and XOMA Keto Coffee. The Company’s other subsidiaries include NEXE Technology Corp. and G-Pak Holdings Ltd.
NEXE - NEXE Innovations Inc
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