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
UFP Technologies, Inc. provides design, engineering, and custom manufacture of solutions for medical devices, sterile packaging, and other engineered custom products. The Company’s single-use and single-patient devices and components are used in a range of medical devices and packaging for minimally invasive surgery, infection prevention, wound care, wearables, orthopedic soft goods, and orthopedic implants. The Company also provides engineered products and components to customers in the automotive, aerospace and defense, and industrial markets. The Company’s applications of its products include military uniform and gear components, automotive interior trim, air filtration, and protective cases and inserts. The Company is diversified by also providing engineered solutions to customers in the aerospace and defense, automotive, and industrial markets. The Company also engineers components for automotive use, such as interior trim and structural applications.
UFPT - UFP Technologies Inc
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