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
Phoslock Environmental Technologies Limited is an Australia-based water engineering and water treatment materials company. The Company specializes in water treatment products to remediate nutrient-polluted fresh waterbodies, including lakes, rivers, canals, municipal and private ponds, and recreational and drinking water reservoirs. The Company has four operating segments based on geographical areas, such as Australia/NZ, Europe/UK, US/Canada/Brazil and China. The Company’s products include Phoslock and Phosflow. Phoslock is a proprietary water treatment product that permanently binds excess phosphorus in the water column and sediments, and enables it to settle in an environmentally benign state. Along with Phoslock, the Company also supplies zeolites and specialized solutions that address water pollution issues. Phosflow is a proprietary water remediation product that removes excess phosphorus in flowing water applications.
PET - Phoslock Environmental Technologies Ltd
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