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
TRxADE Health, Inc. is a health services information technology (IT) company. The Company is focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the United States. It owns and operates a business-to-business Web-based marketplace. The Company’s products include Trxade.com, Delivmeds.com., Trxade Prime., Bonum Health Hub and Application, Bonum+ Business to Business (B2B) and MedCheks Health Passport. Trxade.com is a Web-based pharmaceutical marketplace engaged in promoting and enabling commerce among independent pharmacies, small chains, hospitals, clinics, and alternate dispensing sites with large pharmaceutical suppliers nationally. Trxade Prime allows pharmacy members on the Trxade platform to process, consolidate and ship purchase orders that are placed directly with Trxade suppliers through the Trxade Prime service. The Company also has food products and distribution capabilities.
MEDS - TRxADE Health Inc
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