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
Recticel NV is a Belgium-based company. The Company operates through the business segment insulation. The insulation business segment develops insulation solutions for thermal and acoustic applications in the construction market. It operates through its subsidiary, The Soundcoat Company Inc. which provides acoustic and thermal insulation solutions for industrial applications, which further reinforces Recticel purely into the insulation process. It has introduced a new range of polyurethane insulation boards containing 25% raw materials of biocircular origin, calculated according to the Mass Balance principle. The Company has operations in Belgium, France, the Netherlands, the United Kingdom, Germany, other European Union countries, and internationally.
RECT - Recticel NV
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