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
Velocys plc is a United Kingdom-based sustainable fuel technology company. The Company is engaged in the engineering, manufacturing, development, and financing of sustainable fuel projects. It is focused on providing customers with a technology solution to enable the production of negative carbon intensity synthetic, drop-in fuels from a variety of waste materials. It also offers an integrated solution for project developers, owners and operators by supplying reactors, catalysts and associated engineering services. It is involved in developing a commercial plant in Immingham, the United Kingdom, namely Altalto, to make sustainable jet fuel in collaboration with British Airways. It is involved in developing a plant in Mississippi, namely Bayou Fuels, which seeks to produce over 36 million gallons per year of negative-emission transportation fuels. It operates through its subsidiaries in the United Kingdom and the United States.
VLSV - Velocys PLC
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