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
Bizim Toptan Satis Magazalari AS is a Turkey-based company engaged in the wholesale of fast-moving consumer goods. It has 106 stores in 54 provinces of Turkey selling over 7,000 different kinds of products under various categories, including milk and dairy products, canned food, delicatessen, tobacco products, meat and related products, hygiene products, paper products, home ware, textile products, automobile accessories, decoration products, communication products, staple food, soft drinks, alcoholic drinks, bread and pastry products, personal care products, cosmetics, electronic appliances and energy and illumination products. It also has 192 products under its own brand name that are sold in its stores. These brands include: Besler, Sealady, BTT, Dolphin, balTurk and bahar. The Company’s main customers are retailers; catering businesses, such as restaurants, patisseries and hotels, and corporations.
BIZIM - Bizim Toptan Satis Magazalari AS
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