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 Ain Ahlia Insurance Co PSC is a United Arab Emirates-based public shareholding company engaged in the provision of general insurance and reinsurance products and services. The Company provides its services and products through two business segments: fire and general accident, and marine and aviation. The Company underwrites all classes of insurance activities, including motor, engineering, health and life, property, marine, energy, aviation, as well as reinsurance services. Al Ain Ahlia Insurance Co PSC operates through its head office located in Abu Dhabi, three branches in Al Ain, Dubai, and Sharjah, as well as through six motor insurance offices across the United Arab Emirates.
ALAIN - Al Ain Ahlia Insurance Company PSC
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