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
Burcelik Bursa Celik Dokum Sanayi AS is a Turkey-based company, engaged in the manufacturing of heavy machinery, large steel castings and industrial valves. It is a steel foundry that is also engaged in the heavy machinery manufacture, such as sand machines, hammer crushers, dewaterers and vibrating screens. It also produces steel, cast and ductile iron castings for several industries, including automotive, cement, shipping, and iron and steel. The Company markets its products domestically and internationally to Western European countries, Balkan countries, North African countries, Middle East and Turkic Republics. Additionally, it is involved in subcontracting projects for various European countries, manufacturing ship deck crane jibs and adapters, crawling crushing units, and semi-finished cone, impact and jaw crushers. Burcelik Bursa Celik Dokum Sanayii AS is a 53.41%-owned subsidiary of Komurcuoglu AS.
BURCE - Burcelik Bursa Celik Dokum Sanayi AS
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