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
BTC health Limited is an Australia-based pooled development fund, which makes active investments in businesses that acquire, develop and distribute medical products in Australia and New Zealand. The Company is building a group of high-growth businesses which together are focused on providing access of specialized therapeutics and medical devices from around the world. The Company’s products include ambIT Infusion Pumps, Aridol, Bronchitol, EasyReach Underwear, Infusion Cathetes and TIVA. The range of ambIT infusion pumps are suitable for the delivery of medications and pain relief. Aridol (mannitol) is distributed in Australia by its distributor, BTC Speciality Health Pty Ltd. Bronchitol (inhaled mannitol) is a therapeutic agent manufactured by Pharmaxis Ltd and is distributed in Australia by BTC Speciality Health Pty. TIVA set designed to support total intravenous anaesthesia. The Company’s pipeline product candidates include Alteco LPS Adsorber and NEOLA.
BTC - BTC Health Ltd
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