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
Muscat Insurance Company SAOG, formerly Muscat National Holding Company SAOG, is an Oman-based Insurance company. The Company is engaged in general insurance and life assurance business. The Company operates two segments: General insurance segment, which includes insurance of motor; fire, marine, engineering, workmen compensation and general accident; and life insurance, which relates to the insurance of the life and medical of an individual or Company and the credit life policies.
MCTI - Muscat Insurance Company SAOG
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