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
Sharps Technology, Inc. is a medical device company. The Company is designed and patented various safety syringes and is seeking commercialization by manufacturing and distributing its products. The Company provides Sharps Provensa, a line of smart safety syringes that offer solutions to global healthcare crises. Its Ultra-Low Waste syringes offer a solution to minimize vaccine waste while offering reliable needlestick protection. The Company’s products include Sharps Provensa PS-3ML, Sharps Provensa RS-1ML, Sharps Provensa PSU-0.3 ML, Sharps Provensa PS-1ML, and Sharps Provensa RTF PS Glass Prefillable Syringes. Its manufacturing facility is located over two hours from Budapest (over 160 kilometers from Budapest Airport). The Company’s wholly owned subsidiary is Safegard Medical, Inc.
STSS - Sharps Technology Inc
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