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
Bulbuloglu Vinc Sanayi ve Ticaret AS is a Turkey-based company, which is engaged in crane and related heavy machinery manufacturing. The Company’s main activity is designing, producing, and marketing various kinds of cranes, such as traveling cranes, gantry cranes, process cranes, jib cranes, crane equipment, ship loaders and mobile ship loaders, rotating and horizontal bridge carrying systems, fixed puller cranes, and other lifting machines which used in energy, iron and steel, automotive, mining, logistic, and shipbuilding sectors. Bulbuloglu Vinc also provides installation, spare parts, maintenance, and after-sale support services, and exports its products to over 90 countries in six continents.
BVSAN - Bulbuloglu Vinc Sanayi ve Ticaret AS
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