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
Worksport Ltd. through its subsidiaries, designs, develops, manufactures, and owns the intellectual property (IP) on a portfolio of tonneau cover, solar integration, portable power station, and non-parasitic (NP), hydrogen-based green energy products and solutions. It offers its solutions for the automotive aftermarket accessories, power storage, residential heating, and electric vehicle-charging industries. It has developed a series of soft and hard folding tonneau covers as well as energy products. Its soft tonneau cover offering consists of vinyl wrapped tri- and quad-fold tonneau covers. The soft tonneau cover line includes The Worksport SC3, The Worksport SC3 PRO, The Worksport SC4, and The Worksport SC4 PRO. Its hard tonneau cover line includes The Worksport TC3, The Worksport TC3 PRO, The Worksport FC4, The Worksport FC3 and The Worksport FC4 PRO. Its energy-based products are the Worksport SOLIS tonneau cover (SOLIS) and the Worksport COR energy storage system (COR).
WKSP - Worksport Ltd
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