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
Terragen Holdings Limited is an Australia-based agricultural company. The Company develops and markets biological products for agricultural applications. The Company’s each product uses a combination of naturally occurring live microbe strains selected to help boost the productivity, welfare and resilience of farm production animals and to address soil health. The Company has two products on the market in Australia and New Zealand, MYLO, which is a direct fed microbial supplement for animals and GREAT LAND PLUS, which is a soil conditioner. MYLO is made with AmpliBoost technology. MYLO is an easy-to-use liquid feed supplement for dairy calves and cows that contains live microbes, which helps to improve health and productivity. Great Land Plus helps farmers enhance soil characteristics, making nutrients available to plants. It may also improve yield by changing the soil microbiome and enhancing root development or improving the plant’s ability to withstand stress.
TGH - Terragen Holdings Ltd
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