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
Oman Reinsurance Company SAOC (Oman Re) is an Oman based specialized reinsurance company to write facultative and treaty business from local and international markets. The Company covers for Facultative risks in following lines of business: Property and Renewable Energy, Energy Onshore/Offshore, Engineering, Marine Hull and Cargo, Miscellaneous Accident and Motor. The Company also provides reinsurance protection for non-life business to many direct insurance companies. The Company operates in the Afro-Asian, Central and Eastern Europe (CEE), Commonwealth of Independent States (CIS), Cyprus, and Greece markets.
ORIC - Oman Reinsurance Company SAOC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.