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 Vana Sanayi ve Ticaret AS is a Turkey-based company primarily engaged in the sector of steel casting, heavy machinery manufacturing and valve production. The Company’s primary products are structured into four segments: Butterfly Valves, Ball Valves, Petroleum and Natural Gas Valves, and Automation Components. The Butterfly Valves segment offers such products, as standard, two-pieces and high performance valves, as well as butterfly valves with vulcanized seat. The Company offers ball valves with electric and pneumatic actuators. The Petroleum and Natural Gas Valves segment comprises flanged American Petroleum Institute (API) valves and welded API valves, among others. The Automatic Components segment comprises such products, as pneumatic and electrical actuators, screw ended ball valves, check valves and limit switch/solenoid valves. Additionally, it offers foundry products, jaw crushers, cubitizers, feeders, vibrating screens and dewaterers, among others.
BURVA - Burcelik Vana Sanayi ve Ticaret AS
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