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
AUB Group Limited is an Australia-based company comprising of insurance brokers and underwriting agencies operating across Australia and New Zealand. The Company’s Australian Broking segment assesses the insurable risks and risk appetite of customers and sources relevant insurance products from insurers and underwriters to meet the needs of the customer. Agencies segment assesses, on behalf of the insurer, the risk profile of the end customer and pricing of policies requested by brokers. New Zealand Broking segment provides broking services within the New Zealand market. Support Services segment provides a diversified range of services to support the broking, agency, and New Zealand segments, and external clients. Tysers segment includes managing general agents (MGA), and retail and wholesale broking. MGA operates insurer-delegated authorities, both in-house and through third parties. Retail broking provides retail broking services within the United Kingdom market.
AUB - AUB Group Ltd
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