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
Xos, Inc. is a provider of fleet electrification solutions. The Company designs and manufactures Class 5-8 battery-electric commercial vehicles that travel on last-mile, back-to-base routes of up to 200 miles per day. It also offers charging infrastructure products and services to support electric vehicle fleets. Its fleet management software integrates vehicle operation and vehicle charging to provide commercial fleet operators a more seamless and vehicle ownership experience than traditional internal combustion engine counterparts. Its Powered by Xos business provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment. Its Fleet-as-a-Service offering facilitates the transition from traditional internal combustion engine vehicles to battery-electric vehicles. Its Xos Energy Solutions is its comprehensive charging infrastructure through, which it offers charging equipment, mobile energy storage, and turnkey infrastructure services.
XOS - Xos Inc
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