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
Arabian Shield Cooperative Insurance Company SJSC is a Saudi Arabia-based public shareholding company engaged in the provision of cooperative, general and medical insurance and reinsurance products and services. The Company mainly offers property, accident, motor, medical and marine insurance products and services. The Company operates through a network of direct sales outlets located across the Kingdom of Saudi Arabia, in addition to its offices in Riyadh, Jeddah and Dammam.
8070 - Arabian Shield Cooperative Insurance Company SJSC
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