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
Akcansa Cimento Sanayi ve Ticaret A.S. (Akcansa) is a Turkey-based manufacturer of cement, clinker, ready-mixed concrete (RMC) and aggregates. It is also engaged in port operations in Canakkale and Ambarli. Akcansa provides its products and services to various countries, including the United States, Canada, France, Italy and Spain. The Company operates three cement production plants in Istanbul and Canakkale, as well as terminals located in Ambarli, Aliaga and Yalova. It also operates more than 35 ready-mixed concrete facilities across Marmara and Aegean regions, under the Betonsa brand. Akcansa has been carrying out its aggregate production under the brand name of Agregasa at its three facilities, following the merger with Agrega San ve Tic AS the Company also has a subsidiary, Karcimsa Cimento San ve Tic AS, which is engaged in cement grinding. Akcansa is a joint venture between Sabanci Holding and Heidelberg Cement.
AKCNS - Akcansa Cimento Sanayi ve Ticaret AS
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