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
Oman United Insurance Company SAOG is an Oman-based company, which is engaged in underwriting of general and life and medical insurance business and in repair and maintenance of motor vehicles within the Sultanate of Oman. The Company operates through two business segments: General insurance segment includes insurance and reinsurance of motor, fire, general accident, marine cargo hull, workmen compensation, engineering and aviation, and the Life insurance segment includes individual life, group life and group medical insurance products and services. The Company provides its products for industry and commerce, lenders and individuals.
OUIC - Oman United Insurance Co SAOG
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