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
Bayrak Ebt Taban Sanayi Ve Ticaret AS is a Turkey-based company, which engages in shoes manufacturing. The main activity of the entity is the manufacture and sale of various kinds of shoes, molds, soles and sole accessories from various kinds of plastic raw materials. Bayrak Ebt manufactures its products in 3 main categories and these are phaylon (eva) sole, sole made of ethylene vinyl acetate raw material, with a porous sponge-like structure, thermo (thermoplastic) sole; sole made of material similar to processed rubber, e-tpu (solid granule material) sole; It is the base manufactured by inflating tpu. The company has more than 200 employees in its production facilities located in Istanbul, and this facility has a daily production capacity of 20,000 double soles.
BAYRK - Bayrak EBT Taban Sanayi ve Ticaret AS
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