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
Onward Medical NV, formerly known as GTX Medical BV, is a medical technology company based in the Netherlands. The Company is primarily engaged in developing and commercializing innovative therapies to enable functional recovery for people with spinal cord injury. It develops two technology platforms ARC EX and ARC IM.
ONWD - ONWARD Medical NV
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