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
Xeros Technology Group PLC is a United Kingdom-based platform technology company. The Company is focused on developing solutions for water-intensive industrial and commercial processes. It has also developed textile technologies. Its care and finish technologies use patented, reusable XOrb housed in its engineered XDrum technology, which is designed to reduce the amount of water and chemistry used in the dyeing, finishing or laundering of garments and fabrics. for minimum disruption. The Company’s washing machine filtration technology, XFilter prevents harmful microfibers, including microplastics, generated during washing cycles, from being released into rivers and oceans. The Company’s geographical areas include Europe, North America and rest of the World. Its subsidiaries include Xeros Limited, Xeros Inc, and Xeros Environmental Protection Technology (Shanghai) Co. Ltd.
XSG - Xeros Technology Group PLC
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