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
Akfen Yenilenebilir Enerji AS is a Turkey-based Company, which is engaged in the renewable energy sector. The Company’s main activity is generating electricity from renewable sources, such as hydroelectric, solar, and wind. Akfen Yenilenebilir Enerji is a member of the Akfen Holding Group and it also engages in power plants and other electricity generation and distribution related buildings construction, power distribution lines construction, and electricity wholesaling and retailing with its sister companies and subsidiaries. The Company operates 12 hydroelectric power plants, 13 solar power plants, and six wind power plants in many cities in Turkey, and these 31 power plants generate approximately 700.000 MW of electricity.
AKFYE - Akfen Yenilenebilir Enerji AS
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