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
Genworth Financial, Inc., through its principal insurance subsidiaries, offers mortgage and long-term care insurance products. The Company operates through three segments. Enact segment offers mortgage insurance products that predominantly insure prime-based, individually underwritten residential mortgage loans at specified coverage percentages. Long-Term Care Insurance segment offers long-term care insurance products in the United States. Long-term care insurance products are intended to protect against the significant and escalating costs of long-term care services provided in the insured’s home or assisted living or nursing facilities. Life and Annuities segment serves a variety of protection and retirement income products, such as traditional life insurance (term, universal and term universal life insurance, as well as corporate-owned life insurance and funding agreements), fixed annuities and variable annuities, which include variable life insurance.
GNW - Genworth Financial Inc
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