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
FG Financial Group, Inc. is a reinsurance, merchant banking, and asset management holding company. The Company is focused on opportunistic collateralized and loss-capped reinsurance while allocating capital in partnership with Fundamental Global, and from time to time, other strategic investors, to merchant banking activities. The Company also provides asset management services. The Company operates through two segments: insurance and asset management. The insurance segment consists of the operations of its Cayman Islands-based reinsurance subsidiary, Fundamental Global Reinsurance Ltd (FGRe), which provides specialty property and casualty reinsurance. Its asset management segment includes its investment in the Fund, as well as its investment advisory agreement with FedNat Holding Company.
FGF - FG Financial Group Inc
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