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 Falcon Insurance Company SAOC, formerly Falcon Insurance Co SAOG, an associate company of Al Anwar Holdings, is an Oman-based company that is engaged in the provision of a wide range of insurance services and solutions for individual and organization clients. The Company offers different insurance services, which includes: motor, home owners, travel, personal lines, individual life, group life, medical expenses, and general insurance which includes commercial risk, transit, liability and office multi cover; life plans, which include savings and bonds, regular savings, mortgage protection and education, as well as other insurance services, including fire, general accident, engineering and marine.
AFIC - Arabia Falcon Insurance Company SAOC
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