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
Qatar General Insurance & Reinsurance Co QPSC is a Qatar-based public shareholding company that is engaged, together with its subsidiaries, in the business of general insurance, takaful, reinsurance, real estate and investment management. The Company is organized into the following segments: Insurance, which includes general accident, war and marine, fire and engineering, among others; Investments, which includes equity, bonds and associates; Real Estate, which covers property, land and building, as well as Others, which includes operations related to takaful, World Trade Center and others. The Company’s subsidiaries include General Water and Beverages Co WLL, General Takaful Company SPC, Qatar General Holding Co SPC, Mazoon Insurance Marketing Services SPC and World Trade Center SPC. The Company has a network of branches located across Qatar and an overseas branch in the United Arab Emirates.
QGIR - Qatar General Insurance & Reinsurance Company QPSC
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