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
Can2 Termik AS, formerly known as Can Komur ve Insaat AS, is a Turkey-based company mainly engaged in the energy industry. The Company is focused on the electric power generation and sale of the produced electric energy and/or capacity to customers, operating domestic lignite coal-driven thermal power plant in Can district of Canakkale province. In addition, through its direct subsidiaries Can2 Trakya Komur Maden AS and Yel Enerji Elektrik Uretim Sanayi Tic AS, the Firm is involved in the mining industry and participates in purchasing, selling, manufacturing, assembling and importing different kinds of natural stones and mineral ores in finished and semi-finished form. The Company is controlled by Odas Elektrik Uretim Sanayi Ticaret AS.
CANTE - Can2 Termik AS
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