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
Spectra Products Inc. is a Canada-based manufacturing and marketing company. The Company operates in one market segment: bus and truck transportation safety equipment. The Company manufactures and markets brake and wheel-end monitoring equipment as an after-market product through transportation dealers, distributors, and direct sales to fleet operators. Its products include Brake Safe, Optimum Fleet Health, Termin-8R, Zafety Lug Lock, Anti-Seize Cotter Pin, Hub Alert, and Brake Inspector. Its Brake Safe is an easy-to-install visual brake stroke indicator system that allows for accurate visual inspection of air brake adjustments. Its Termin-8R is an anti-corrosive spray lubricant effective in protecting electronic surfaces, connectors, plugs, and sockets from corrosion. Its Zafety Lug Lock is a product that prevents wheel-end lug nuts from loosening leading to wheel damage or wheel loss. Its Brake Inspector provides in-cab indication of a truck or bus’s air brake activity.
SSA - Spectra Products Inc
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