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
Kovo HealthTech Corporation is a Canada-based healthcare technology company. The Company is focused on providing healthcare Billing-as-a-Service. The Company sells services and software to medical clinics and medical facilities. The Company is engaged in delivering software solutions and services including Revenue Cycle Management (RCM) and Electronic Health Records (EHR) to medical practices and hospitals. The Company’s services include Ambulatory services, Inpatient system services and Software service, and RCM billing services. Its RCM billing services is an outsourced service offered to clinics and hospitals for the management of the complex coding and filing required by medical practitioners to receive payment for their work from insurance companies and governmental agencies through programs. The Company offers its solutions to the industry, such as e-health, technology, medical billing, compliance, mergers and acquisitions and finance.
KOVO - Kovo Healthtech Corp
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