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
Adese Gayrimenkul Yatirim AS, formerly Adese Alisveris Merkezleri Ticaret AS is a Turkey-based company that provides shopping services. The Company is a retailer that offers various goods at discount prices. It also offers mass purchase option of food or convenience goods for factories, schools, hospitals and other businesses. The Company has more than 130 branches in Ankara, Aksaray, Istanbul, Karaman, Kocaeli, Konya, Mersin and Sakarya. It publishes Aile Dostu magazine every two months to communicate the discounts and promotions in stores. It also offers a loyalty card, Adese Card, to customers. The Company is also engeged in earning rental income from the existing real estates in owned portfolio and runs real estate activities related to fixed assets.
ADESE - Adese Gayrimenkul Yatirim AS
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