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
NobleOak Life Limited is an Australia-based company that provides life insurance products. The Company is principally engaged in manufacturing and distributing life insurance products, including death, disability, trauma, income protection, and business expenses insurance. The Company segments include Direct Business, Partnership, and Genus. The Direct Business segment consists of the life insurance protection products that are sold directly to customers under the NobleOak brand. The Partnership segment consists of life insurance protection products, which are sold to customers primarily through advisors under the Company’s partner brands. The Genus segment consists of life insurance administration services performed by the NobleOak Group Company, Genus Life Insurance Services Pty Ltd. The Company also provides administration services for run-off life insurance products through its subsidiary Genus Life Insurance Services Limited.
NOL - NobleOak Life Ltd
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