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
FuelPositive Corporation is a Canada-based technology company. The Company provides commercially viable and sustainable, cradle to cradle, clean technology solutions, including an on-farm/onsite, containerized Green Ammonia (NH3) production system that eliminates carbon emissions from the production of Green Ammonia. It helps mitigate climate change, addressing unsustainable agricultural practices through technology and practical solutions. Its FuelPositive on-farm/onsite, containerized Green Ammonia production system is designed to produce pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, a practical alternative for fuel cells and a solution for grid storage. FuelPositive systems are designed to provide for Green Ammonia production on-farm/onsite, where and when needed. This eliminates fluctuating supply chains and offers end-users clean fertilizer, energy and Green Ammonia supply security.
NHHH - FuelPositive Corp
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