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 Sagr National Insurance Co PSC is a United Arab Emirates-based Insurance company. The Company offers insurance and reinsurance products and services for individuals, families, Small and Medium Enterprise (SME) and corporate groups. The Company is organized into two segments: General insurance and Life insurance. The Company’s products include medical insurance, life insurance, travel insurance, motor insurance, yachts and pleasure crafts insurance, home insurance, group medical insurance, group life insurance, motor fleet insurance, marine cargo insurance, marine hull insurance, property insurance, and engineering insurance, among others. health, life, and general risks for individuals, SMEs, large companies, and multi-national corporations
ASNC - Al Sagr National Insurance Co PSC
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