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
TransAct Technologies Incorporated is focused on developing software-driven technology and printing solutions for various markets, including food service technology, point of sale (POS) automation, and casino and gaming. The Company’s products are designed based on customer requirements and are sold under the BOHA!, AccuDate, EPICENTRAL, Epic, and Ithaca brands. Through the TransAct Services Group (TSG), it provides a range of supplies and consumables used in the printing activities of customers. It designs, develops and markets a range of transaction-based and specialty printers and terminals using thermal printing technology. Its maintenance services include the sale of extended warranties, multi-year maintenance contracts, a 24-hour guaranteed replacement product service called TransAct Xpress. Its EPICENTRAL Print System (EPICENTRAL), that enables casino operators to create promotional coupons and marketing messages and print them in real time at the slot machine.
TACT - TransAct Technologies Inc
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