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
AN2 Therapeutics, Inc. is a clinical-stage biopharmaceutical company. The Company is focused on developing treatments for rare, chronic and serious infectious diseases with high unmet needs. The Company’s initial product candidate is epetraborole, a once-daily, oral treatment for patients with non-tuberculous mycobacterial (NTM) lung disease, a rare, chronic and progressive infectious disease caused by bacteria, mycobacteria. Epetraborole has antimycobacterial activity through the inhibition of an essential and universal step in bacterial protein synthesis. Its mechanism of action is enabled by boron chemistry, which is the Company’s core technology approach. Epetraborole is under development in a pivotal Phase II/III clinical trial as a once-daily, oral treatment for patients with NTM lung disease with an initial focus on treatment-refractory Mycobacterium avium complex (MAC) lung disease.
ANTX - AN2 Therapeutics Inc
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