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
TPI Composites, Inc. is a manufacturer of composite wind blades for the wind energy market. The Company operates through four geographic segments: the United States, Mexico, Europe, and the Middle East and Africa. It enables wind turbine original equipment manufacturers (OEM) to outsource the manufacturing of their wind blades through its manufacturing facilities located around the world to serve wind markets. It also provides field service inspection and repair services to its OEM customers and wind farm owners and operators. Its field service inspection and repair services include diagnostic, repair and maintenance service offerings for wind blades that have been installed on wind turbines located at wind farms. The Company has produced precision molding and assembly systems, ranging from approximately 30 meters to approximately 80 meters in length, to support its global operations. Its tooling solutions include precision wind blade patterns, precision molding and assembly systems.
TPIC - TPI Composites Inc
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