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 Ahleia Insurance Co SAKP is a Kuwait-based company engaged in the provision of insurance and reinsurance products and services. The Company is organized into two business segments; the General risk insurance segment, which includes marine and aviation, accident and fire, and the Life and Health insurance segment, which includes life insurance, school education insurance and medical insurance. The marine and aviation offers marine cargo and marine hull insurance. The fire and accident provides compensation, money, fidelity guarantee, third party liability, professional indemnity and product liability insurance, among others. The Company also provides Motor insurance, which includes third party liability, comprehensive vehicle, personal accident insurance for driver and family, personal civil liability, total loss of vehicle, driver’s license and orange card insurance; Special insurance policies; Single Medex, and Hajj & Umrah policy.
AINS - Al Ahleia Insurance Co SAKP
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