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
Watania International Holding PJSC (WIH), formerly known as Dar Al Takaful PJSC, is a United Arab Emirates-based public shareholding company and it is an investment holding company. Watania International Holding PJSC is the sole shareholder of two operating companies: Watania Takaful General PJSC (previously Noor Takaful General PJSC) and Watania Takaful Family PJSC (previously Noor Takaful Family PJSC). Together, they create Takaful (Insurance) providers in the UAE. The two operating companies offer a range of Takaful products including motor, general, technical, medical, and family to both individuals and companies in the UAE. They operate in accordance with the teachings of Islamic Sharia and they operate full-services offices located in Abu Dhabi, Sharjah, and Deira and Jebel Ali in Dubai
WATANIA - Watania International Holding PJSC
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