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
Borusan Mannesmann Boru Sanayi ve Ticaret AS (Borusan Mannesmann) is a Turkey-based manufacturer of pipes and tubes. The Company provides a range of products include gas pipes, water pipes, general-purpose pipes, boiler pipes, construction pipes and profiles, industrial pipes and profiles, large diameter pipes used in infrastructure projects such as water, gas, and oil transmission lines, and also concrete pump pipes, oil pipes and sprinkler pipes. The Company provides products for the fields of energy, construction, automotive, installation, white goods and furniture manufacturing. The Company operates through five plants in Turkey and in Europe. The Company exports its products to various countries in America, Europe and Asia.
BRSAN - Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS
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