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
Arena Bilgisayar Sanayi ve Ticaret AS is a Turkey-based company engaged in the wholesale trade of computers and their allied components, as well as other consumer electronics and communication equipment. The Company distributes and markets international computer brands and accessories in Turkey via branches in Ankara and Izmir, and in the Turkish Republic of Northern Cyprus through its distribution network. It also has a branch in the Istanbul Free Trade Zone. The branch in Istanbul Free Trade Zone, Arena Serbest Bolge, is commonly used as a purchasing department of the Company from overseas. On November 29, 2010, the 49.40% of the total shares of the Company has been purchased by Redington International Holdings Limited.
ARENA - Arena Bilgisayar Sanayi ve Ticaret AS
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