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
AME Company for Medical Supplies is a Saudi Arabia-based entity which is primarily engaged in medical supplies activities. The Company is concentrating in the aesthetic medicine market with a wide range of brands. The Company’s products include injectable hyaluronic acid-based dermal fillers, medical laser systems, autologous concentration system, Botulinum toxin type A, electronic equipment and dermo-cosmetic products, absorbable polydioxanone, etc.
9527 - AME Company for Medical Supplies
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