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
Biotrend Cevre and Energy Investments AS is a Turkey-based company, which engages in alternative energy producing . The Company’s main field of activity are biomass resources and fermentation energy generating, gasification, improving combustion technologies and operation of solid waste storage areas, ATY (waste-derived fuel) preparation facility, biological treatment (compost, biomethanization) facility, LFG (Landfill Gas) energy production plants, as well as the installation and operation of these plants. Entity provides also engineering, contracting and consultancy services in the mentioned fields. Biotrend has a total of 18 power plants, 15 of which are biogas, 2 are biomass and 1 is waste fuel preparation, and the total annual generation capacity of these plants is 411 kWh.
BIOEN - Biotrend Cevre ve Enerji Yatirimlari AS
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