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
Akdeniz Yatirim Holding AS, formerly Akdeniz Guvenlik Hizmetleri AS, is a Turkey-based company engaged in the provision of security services. The Company provides 24-hour security services for public institutions and organizations, several workplaces, housing, facilities, plazas, developments, warehouses, factories, hospitals, schools, airports, shopping malls, historic buildings, trade centers, sports centers and outdoor areas. The Company’s security systems include, security and alarm systems, as well as camera security systems.
AKYHO - Akdeniz Yatirim Holding AS
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