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
Careteq Limited is an Australia-based health-tech company. The Company is engaged in developing and commercializing a suite of products that sit on its Software as a Service (SaaS)-based assistive living technology platform for use by the elderly, disabled, and vulnerable individuals. The Company’s brands include Sofihub, eazense, and Ward Medication Management (Ward MM). Its Sofihub brand is an advanced adaptive care technology that gives people of all ages and abilities the freedom to live independently, while reducing their reliance on family or professional carers. The eazense brand offers radar technology that provides continuous non-invasive monitoring, allowing care resources to be managed. Its Ward Medication Management is a clinical pharmacy company and the guardian of safe and appropriate medication use in aged care facilities. Ward MM helps health care workers with professional knowledge and advice to help prevent incidents of medicine-related harm.
CTQ - CARETEQ Ltd
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