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
United-Guardian, Inc. is engaged in manufacturing and marketing of cosmetic ingredients, pharmaceuticals, medical lubricants, and specialty industrial products. Its cosmetic ingredients products include Lubrajel, Lubrajel Natural and Lubrajel Marine, B-122, Orchid Complex and Lubrasil II SB. Its other products in the Lubrajel Natural line of Lubrajel products are: Lubrajel Oll Natural and Lubrajel Terra. Its medical lubricants products include Lubrajel MG, Lubrajel MGL, Lubrajel RR and RC, Lubrajel Fluid and Lubrajel LC, Lubrajel BA and Lubrajel FA. Its pharmaceuticals products include Renacidin, which is a prescription drug that is used to prevent and to dissolve calcifications in urethral catheters, and CLORPACTIN WCS-90, which is a chlorine-based drug that is marketed as a topical antimicrobial and is also used in urology. Its industrial products consist of Deselex, which is a sequestering and chelating agent, and Thoroclens, which is a chlorine-based industrial cleanse.
UG - United-Guardian Inc
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