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
Doha Insurance Group QPSC, formerly Doha Insurance Co QSC, is an Qatar-based company engaged in the business of insurance and reinsurance activities. The Company is organized into three business segments: the Marine and Aviation segment covers marine cargo, aviation hull & liability, aviation hull war, aviation loss of license and airports authorities operators legal liabilities; the Motor segment includes third party liability insurance, comprehensive insurance, companies’ auto fleet insurance, and fire insurance, and the General insurance segment offers engineering insurance including contractors’ insurance. The Company also operates an Islamic Takaful branch under the brand name Doha Takaful that offers insurance and reinsurance activities in accordance to Islamic Sharia principals on a non-usury basis in all insurance areas.
DICO - Doha Insurance Group QPSC
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