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
Nova Leap Health Corp. is a Canada-based acquisitive home health care services company. The Company’s segments include U.S. operations and Canadian operations. All businesses provide home care services to clients. The Company performs a continuum of care with an individual and family centered focus, particularly those requiring dementia care. The Company through its subsidiaries provides various services to clients and families, which includes dementia care; companionship; personal care; respite care; cooking and meal preparation; light housekeeping; activities of daily living; transportation services; medication reminders; and medication administration by nursing staff. Its services are generally paid directly by clients, the Department of Veteran Affairs or through long-term care insurance programs. Services are provided in private homes, assisted living communities, hospitals, nursing homes, hospice, and rehabilitation centers. It has operations in about 11 different United States.
NLH - Nova Leap Health Corp
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