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
Tenon Medical, Inc. is a medical device company. The Company has developed an inferior-posterior approach to the sacroiliac joint using a single, robust, titanium implant for the treatment of the most common types of sacroiliac joint (SI Joint) disorders that cause lower back pain. The Catamaran SI Joint Fusion System (The Catamaran System) is designed to transfix and stabilize the SI Joint. The System features the Catamaran Fixation Device, which passes through both the axial and sagittal planes of the ilium and sacrum, transfixing the SI joint along its longitudinal axis. The angle and trajectory of the Catamaran surgical approach are also designed to provide a pathway away from critical neural and vascular structures and into the strongest cortical bone. The Company’s subsidiary is Tenon Technology AG.
TNON - Tenon Medical Inc
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