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
HAYAH Insurance Company P.J.S.C, formerly AXA Green Crescent Insurance Company PJSC, is a United Arab Emirates-based public joint shareholding company, which is mainly engaged in the provision of healthcare and medical insurance solutions. The Company’s insurance products are Healthcare Plans, which include group health insurance and group life and disability insurance; Care Management, which provides services to treat chronic conditions, and Chronic Medication Benefit. The products offered are differentiated according to territory of coverage and also offer customization according to the clients’ needs. The Company offers its health insurance solutions to various groups and to corporate clients.
HAYAH - HAYAH Insurance Company PJSC
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