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
Dubai Insurance Company PSC is a United Arab Emirates-based company engaged in the provision of insurance and reinsurance products and services. The Company is organized, along with its subsidiaries, into three business segments: the General Insurance segment comprises motor, marine, fire, engineering, general accident and medical; the Life segment includes individual and group life insurance, and the Investment segment comprises investment and cash management for the Company’s own account. The Company offers capacities in all lines of insurance, supported by such reinsurance companies as Switzerland’s Swiss Re, Germany’s Hanover Re, France’s SCOR and CCR , among others. As of December 31, 2011, the Company had one wholly owned subsidiary, Vattaun Limited, a British Virgin Island-based company that operates in the investment sector.
DINC - Dubai Insurance Co PSC
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