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
Tissue Repair Ltd is an Australia-based clinical-stage biopharmaceutical company. The Company is engaged in developing advanced wound healing products for chronic wounds and the aftercare of cosmetic procedures, with the potential for further development of related technologies. The Company is in the final stages of completing its Phase II program for its chronic wound product, TR-987. It also concluded Phase IIB trials on its proprietary molecule, Glucoprime. The Company is also focused on commercialization of its cosmeceutical post-procedure gel product, TR Pro+, which is used in certain minimally invasive cosmetic procedures.
TRP - Tissue Repair Ltd
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