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
Al Khaleej Takaful Insurance Company QPSC, formerly Al Khaleej Takaful Group QPSC, is an Qatar-based company, which is engaged in the insurance and reinsurance business. The Company reports six segments: Motor insurance includes protection against physical damage, theft and bodily injury for vehicles; Marine and Aviation insurance includes insurance for sea freight, air freight, air parcel post and land conveyance; Fire segment offers solutions, such as Fire and Special Perils Insurance, General Accident Insurance, Liability Insurance and Engineering Insurance to businesses exposed to risks; Health insurance offers medical, dental, maternity, travel and personal accident insurances; Energy insurance is serving both the onshore and the offshore oil and gas industries, and Travel insurance segment offers medical assurance cover in order to obtain a visit visa and travel policy, which is included medical, emergency, hospital, legal and catastrophe assistance abroad, among others.
KINS - Al Khaleej Takaful Insurance Company QPSC
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