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
Sangam Health Care Products Limited is an India-based company, which manufactures and markets medical devices under the brand name SAFTI. The Company’s products include infusion therapy, blood transfusion, urology, surgery and wound drainage, pressure monitoring lines, disposable syringes, bulk needles and blunt needles. The Company’s medical devices include sterile infusion sets (IV sets) sterile transfusion sets (B.T.Sets) SterlieHypodemic needles, sterile syringes and urine bags.
SNGE - Sangam Health Care Products Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.