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
Arabia Insurance Cooperative Company SJSC is a Saudi Arabia-based company, engaged in cooperative insurance business. The Company started with insurance and reinsurance activities and operates in three business, which include general insurance, medical insurance, savings and protection. The Company is active through a network of 10 branches located across the Kingdom of Saudi Arabia.
8160 - Arabia Insurance Cooperative Company SJSC
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