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
Nidan Laboratories and Healthcare Limited is a diagnostic imaging center operator, which is engaged in providing diagnostic services including radiology, neurology, cardiology, dental as well as pathology services. It provides pathology tests ranging from basic biochemistry and clinical pathology to cytogenetic and high-end molecular diagnostic tests and radiology tests ranging from basic echocardiograms, X-Rays, and ultrasounds to advanced radiology tests, including computerized tomography (CT) scans, magnetic resonance imaging (MRI) scans. The Company also offers a spectrum of customized health and wellness packages and value-added services to its customers, such as a home collection of specimens, house calls, and various delivery or access modes for test reports. The Company’s tests area covers different age groups from offerings for prenatal screening to screening for hormonal imbalance, nutritional deficiencies and tracking lifestyle disorders.
NIDN - Nidan Laboratories and Healthcare Ltd
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