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
Solex Energy Limited is an India-based company, which is engaged in manufacturing of solar photovoltaic modules. The Company provides turnkey solar solutions across different segments, such as solar power plants, solar water pumps, and utility scale ground mounted solar power plants. The Company’s products include light-emitting diode (LED) Street lights, Solar Water Heater (EPC), Solar Water Pump-Surface, Solar Rooftop System and Solar Power Plants. The Company’s solar street lighting system is used for illuminating Highways, Village Road, Street in town, Garden and Industry premises. The Company’s solar panels include polycrystalline and monocrystalline panels. Its solar water pumping system is used in various applications, such as drinking water supply, drip irrigation, pond management, aquarium and swimming pool water circulation. The Company also provides its customers with a complete end-to-end engineering, procurement and construction (EPC) services.
SOEX - Solex Energy Ltd
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