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
Bahrain National Holding Company BSC is a Bahrain-based public holding company engaged in the provision of all types of insurance and risk management solutions. The Company is organized into three business segments: the Motor & General Insurance segment comprises motor, property, general accidents, engineering, marine and aviation; the Life Assurance and Medical segment comprises medical products, group life, group credit life, decrease in term assurance, level term assurance and saving scheme plans, and the Corporate segment comprises administrative and financial operations services for the Group’s companies. As of December 31, 2011, the Company’s subsidiaries included Bahrain National Insurance Company BSC (c) and Bahrain National Life Assurance Company BSC (c).
BNHB - Bahrain National Holding Company BSC
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