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
Tactile Systems Technology, Inc. is a medical technology company, which develops and provides medical devices for the treatment of underserved chronic diseases. The Company’s areas of therapeutic focus are vascular disease, oncology and providing airway clearance therapy for those suffering from chronic respiratory conditions. It employs a direct-to-patient and -provider model within its lymphedema portfolio. Its lymphedema products are the Flexitouch and Entre systems. Its Flexitouch Plus system is a fully automated, programmable, advanced pneumatic compression device, designed for treatment of lymphedema in the home setting. Entre system is a basic pneumatic compression device used for the at-home treatment of venous disorders, including lymphedema and chronic venous insufficiency, including venous leg ulcers. It also offers Kylee, which a free mobile application to help patients learn about lymphedema, track their symptoms and treatment, and share their progress with their doctor.
TCMD - Tactile Systems Technology Inc
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