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
Sagicor Financial Company Ltd. is a Barbados-based financial services provider. The Company offers a range of products and services, including life, health, and general insurance, banking, pensions, annuities, and real estate. The Company’s Sagicor Life segment engages in life, health, annuity, property and casualty insurance business, and pension administration services in Barbados, Eastern Caribbean, Dutch Caribbean, Bahamas, Belize, Panama and Trinidad and Tobago and, through a segregated account, transfers insurance risks. Its Sagicor Jamaica segment engages in life, health, annuity, property and casualty insurance business, pension administration services, banking and financial services, and real estate investment services in Jamaica, Cayman Islands, Costa Rica, and the United States. The Company’s Sagicor Life USA segment engages in life insurance and annuity business in certain states of the United States and, through a segregated account, transfers insurance risks.
SFC - Sagicor Financial Company Ltd
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