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
Rainbow Children’s Medicare Limited is an India-based company engaged in the business of rendering medical and healthcare services. The Company is a multi-specialty pediatric, and obstetrics and gynecology hospital operating over 16 hospitals and three clinics in six cities, with a total bed capacity of approximately 1,655 beds. It offers pediatric services under Rainbow Children’s Hospital, which include newborn and pediatric intensive care, pediatric multi-specialty services and pediatric quaternary care (including multi-organ transplants). Its women care services under Birthright by Rainbow that offers perinatal care services which includes normal and complex obstetric care, multi-disciplinary fetal care, perinatal genetic and fertility care along with gynecology services. It also operates pediatric DNB training programs in private healthcare, offering post graduate residential DNB and fellowship programs. It also provides a Rainbow Children’s Hospital mobile application.
RAIB - Rainbow Children's Medicare Ltd
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