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
Abu Dhabi National Takaful Company PSC is a United Arab Emirates-based public shareholding company engaged in insurance and reinsurance activities in accordance with the Islamic Sharia principals. The Company is organized into two business segments; the Underwriting of takaful business segment includes all classes of takaful, including fire, marine, motor, general accident, engineering, energy, liability, bancassurance and family takaful, and the Investments segment includes investments in United Arab Emirates (UAE) marketable equity securities, short-term investments with banks and other securities. The Company’s operations cover the UAE with offices in Abu Dhabi, Dubai, Al Ain and Sharjah.
TKFL - Abu Dhabi National Takaful Co PSC
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