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
Qatari German Company for Medical Devices QPSC is a Qatar-based public shareholding company primarily engaged in the manufacturing and distribution of medical devices in the Middle East. The Company manufactures single-use disposable syringes. The Company’s products include Q JectUltra, which is an Insulin syringe, serving as a tool in diabetic care; Q Flow, which is designed for infusion therapy; Q Need is a single use hypodermic needle; Q Ject, which is a single use syringe specifically designed for the curative medications, and Q Safe, which is designed for healthcare workers. The Company exports its products to foreign countries.
QGMS - Qatari German Company for Medical Devices QPSC
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