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
Beamtree Holdings Limited is an Australia-based healthcare technology company. The principal activity of the Company includes provision of software services to the healthcare industry. The Company has a range of licensing, data analytics products, coding, and benchmarking services to assist healthcare providers across different regions. Its products and services include PICQ, RippleDown Expert, RippleDown Auditor, Risq, Q Coding Platform and CodeXpert. RippleDown Expert automatically applies clinical solutions to generate patient-centric reports. RippleDown Auditor automates real-time reviews of all data, ensuring accuracy across data entry, billing, and specimen processing, flagging suspected errors as they arise. Its Q Coding platform provides an end-to-end workflow suite for clinical coding, grouping, reporting, and auditing. Its CodeXpert installable Windows application, providing fully searchable classification reference information for the clinical coding of patient records.
BMT - Beamtree Holdings Ltd
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