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
ICICI Lombard General Insurance Company Limited is an India-based general insurance company. The Company offers insurance coverage for motor, health, travel, home, student travel, and more. Its segments include Fire, Engineering, Marine Cargo, Marine Hull, Motor OD, Motor TP, Workmen Compensation, Public/Product Liability, Personal Accident, Aviation, Health, Credit Insurance, Crop/Weather Insurance and Others. It offers various products, such as motor insurance, car insurance, two-wheeler insurance, health insurance, ICICI Lombard complete health insurance, health booster, personal accident insurance, international travel insurance, home insurance, marine insurance, business insurance, rural insurance, cyber insurance, third party insurance and crop insurance. It also offers various services, such as grievance redressal, retrieve quote, intimate claim, marine/property claims, live chat and renew policy.
ICIL - ICICI Lombard General Insurance Company Ltd
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