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
Kendrion NV is the Netherlands-based company engaged in the development, production and marketing of electromagnetic components for industrial and automotive applications. It also develops mechatronic systems and components, as well as advanced electromagnetic systems. The Company operates in two divisions and seven business units. The Division Industrial comprises three business units: Industrial Magnetic Systems, Industrial Control Systems and Industrial Drive Systems. The Division Automotive includes four units: Passenger Car Systems, Automotive Control Systems, Commercial Vehicle Systems and Heavy Duty Systems. The Company’s products are used in various areas, such as lifts, door-locking systems, industrial robots, medical equipment, electrical switchbox systems, gasoline and diesel engines, air-conditioning installations, motor cooling systems and beverage dispensers. Kendrion NV owns subsidiaries in Germany, China, Brazil, India, Sweden and the United States, among others.
SVEL - Kendrion NV
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