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
Atakule Gayrimenkul Yatirim Ortakligi AS (Atakule Real Estate Investment Trust) is a Turkey-based real estate investment trust, primarily engaged in the investment and development of residential and commercial properties. The Company focuses on the fields of property development, project design, sales and marketing. The Company’s portfolio consists of shopping centers, business centers, hotels, office buildings, capital market and monetary instruments. As of February 27, 2012, the Company’s completed projects included Atakule Shopping Center Cankaya in Ankara, Obakoy Business Center in Istanbul, Hasim Iscan Business Center in Antalya, Alaaddin Otel Alanya in Antalya and the Company’s head office.
AGYO - Atakule Gayrimenkul Yatirim Ortakligi AS
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.