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
Zenova Group PLC is a United Kingdom-based company that provides intellectual property for fire safety and temperature management products and technology. The Company’s product range is applicable to industrial, commercial, and residential markets. Its products include fire retardant paints, insulating paints and render, fire extinguishing fluid and applications. The Company provides industry solutions across a range of fire protection and temperature management problems, including Zenova IP, Zenova FP and Zenova FX. Zenova IP is a thermal insulation paint that creates a thermal barrier, which provides a thermal reflection of sunrays and infrared radiation, anti-condensation, and anti-mold properties. Zenova FP is a water-based fire-protection paint that prevents the ignition and spread of fire. Zenova FX is a patent-pending fire extinguisher filled with Zenova Fluid (Zenova FXB). The Company’s industry solutions also include Zenova IR, Zenova WB and Zenova CS.
ZED - Zenova Group PLC
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