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
Dhofar Insurance Company SAOG is an Oman-based company, which is engaged in the insurance sector. The Company is structured into two business segments: General Insurance and Life Insurance. The General Insurance segment includes insurance and reinsurance of motor, fire, general accident, and marine cargo and hull. The Life insurance segment covers life insurance for individuals. The Company operates through a network of branches located across the Sultanate of Oman. The Company has investments in its associate, which is Omani Vegetable Oils and Derivates Company LLC.
DICS - Dhofar Insurance Company SAOG
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