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
Next Hydrogen Solutions Inc. is a Canada-based designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. The Company’s cell design architecture is supported by approximately 40 patents, which enables high-current density operations to convert intermittent renewable electricity into green hydrogen on an infrastructure scale. The Company is focused on scaling up its technology to deliver commercial solutions to decarbonize transportation and industrial sectors. Its product is a large-scale hydrogen generator, which makes hydrogen at the user’s site from common plant utilities – water and electricity. The hydrogen generator system uses water electrolysis to generate high-purity hydrogen on demand. The Company’s products include Model NH-100, Model NH-300 and Model NH-500. The Company’s Industrial Hydrogen is used for many processes such as refining and fertilizer production.
NXH - Next Hydrogen Solutions Inc.
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