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
Salona Global Medical Device Corporation is an acquisition-oriented medical device technology company. Through strategic acquisitions, it leverages the intellectual properties of specialized companies to deliver products and services through its subsidiaries. It develops, manufactures, and sells medical devices, some of which are proprietary and white labels. Its products include devices used for pain management and physical therapy treatments, including cold/hot therapy products, neuromuscular electrical stimulation devices, transcutaneous electrical nerve stimulation devices, ultrasound treatment devices, as well as wearable technology and other products used for prevention, treatment, and rehabilitation of the human body. Its operations are focused predominantly on the business of recovery science, technologies that help individuals recover from surgery and prevent disease. Its subsidiaries consist of South Dakota Partners, Inc., Simbex, LLC, ALG Health Plus, LLC and others.
SGMD - Salona Global Medical Device Corp
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