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
LIVA Insurance Co, formerly Al Alamiya for Cooperative Insurance Company SJSC, is a Saudi Arabia-based insurance company. The Company’s operates in six reportable segments as follows: Property insurance contracts, with the main peril being fire, accidental damage and other allied perils resulting there from; Motor insurance products which provide coverage against losses and liability related to motor vehicles, excluding transport insurance; Engineering includes long term erection all risks (EAR) and contractor all risk (CAR) policies and annual policies for machinery break down (MBD), machinery all risk, electronic data processing, business interruption in conjunction with MBD; Medical products which provide health care cover to policyholders; Marine insurance for loss or damage to marine craft and accidents resulting in the total or partial loss of cargoes; Group Life insurance which provides life insurance to groups of policyholders; and Others include mainly general accident.
8280 - LIVA Insurance Co
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.