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
Westbridge Renewable Energy Corp. is a Canada-based renewable energy company. The Company is engaged in developing solar photovoltaics (PV) projects. Its projects include Georgetown Solar PV, Sunnynook Solar PV, Dolcy Project, Eastervale Project, Red Willow Solar + Energy Storage Project, Accalia Point Solar PV, and Fiskerton Project. The Georgetown Solar project is located near Mossleigh in Vulcan County, Southern Alberta, Canada and comprises of approximately 710 acres. The Sunnynook Solar project is located in Southern Alberta, Canada and comprises of approximately 940 acres. The Dolcy Project is located in the Municipality of Provost, in east-central Alberta, Canada. The Accalia Point Solar PV is located in Cameron County, Southern Texas, United States. The Fiskerton Project is a 53 Megawatts (MW) project in Lincoln, United Kingdom. The Red Willow Solar + Energy Storage Project target capacity is 225 MWac solar photovoltaic and 100MW/200MWh of Battery Energy Storage System (BESS).
WEB - Westbridge Renewable Energy Corp.
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