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
Altinyag Kombinalari A.S. is a Turkey-based company. Its main activities are the production, processing, refinery and sale of vegetable and sunflower oils from oil seeds and soap production, as well as processing of animal oils. The Company’s products include cotton, sunflower, corn and soybean oils. Additionally, the Company produces husk and oil cakes. Its manufacturing plant, which has a refinery capacity of 350 tons of vegetable oil per day is located in the Cigli Industrial Site. Altinyag Kombinalari A.S. markets 85% of its domestic products under the Altinyag brand name, whereas the remaining is manufactured under private labels per client request. The Company exports its products to several countries, including Russia, Norway, Israel, Romania, Syria, Albania, Iran, Iraq, Saudi Arabia, the United Arab Emirates, Japan and African countries.
ALMAD - Altinyag Madencilik ve Enerji Yatirimlari Sanayi ve Ticaret AS
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