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
Tecogen Inc. designs, manufactures, markets, and maintains ultra-clean cogeneration products. It includes natural gas engine-driven combined heat and power (CHP) systems, chillers, and heat pumps for multi-family residential, commercial, recreational and industrial use. The Company’s segments include Products, Services and Energy Production. The Products segment designs, manufactures and sells industrial and commercial cogeneration systems. The Services segment provides operations and maintenance services and turn-key installation for its products under long-term service contracts. The Energy Production segment sells energy in the form of electricity, heat, hot water, and cooling to its customers under long-term energy sales agreements. The Company’s products are sold with its patented Ultera emissions technology, which eliminates all criteria pollutants, such as nitrogen oxide and carbon monoxide. It develops Ultera for other applications, including stationary engines and forklifts.
TGEN - Tecogen Inc
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