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
Bursa Cimento Fabrikasi AS is a Turkey-based company engaged in the manufacture and sale of clinker, cement and ready-mix concrete products. Together with its subsidiaries, the Company is active in five sectors: Cement, Steel, Ready-Mix Concrete, Ash and Port services. The Company’s main factory is based in Bursa, and it also operates a total of 16 facilities in Bursa, Kutahya, Yalova and Balikesir. It has an annual production capacity of 1.4 million tons of clinker and 2.85 million tons of cement. The Company’s subsidiaries include Cemtas Celik Makina Sanayi ve Ticaret AS (Cemtas), Bursa Beton Sanayi ve Ticaret AS (Bursa Beton), Ares Cimento Insaat Sanayi ve Ticaret AS (Ares), Tunckul Cimento Mineral Katkilar Insaat ve Ticaret AS (Tunckul) and Roda Liman Depolama Lojistik Isletmeleri AS.
BUCIM - Bursa Cimento Fabrikasi AS
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