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
Workhorse Group, Inc. is a technology company that provides solutions to the commercial transportation sector. The Company designs and manufactures all-electric delivery trucks and drone systems, including the technology that optimizes the way these vehicles operate. It is an original equipment manufacturer, and its products are marketed under the Workhorse brand. All Workhorse last-mile delivery trucks are assembled in its Union City, Indiana production facility. The Company’s Electric Delivery Truck Platforms include Product Roadmap, C-Series Electric Delivery Trucks, E-Series Electric Delivery Vans, and Stables and Stalls. The Company’s aerospace offers HorseFly, which includes a custom-designed, purpose-built, all-electric Unmanned Aerial Vehicle (UAV). The Company also has an engineering and technical design center in Wixom, Michigan, as well as an engineering, technical design and production facility for its drone systems in Mason, Ohio.
WKHS - Workhorse Group Inc
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