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
Cemtas Celik Makina Sanayi ve Ticaret AS is a Turkey-based company engaged in the manufacture and marketing of steel and steel products in domestic and foreign markets. The Company’s products fall into two categories based on the process used for manufacturing, which are steel melt shop process and rolling process. The Company’s products include structural steels, carbon steels, case hardening steels, steels for quenching and tempering, spring steels, micro-alloyed steels, free-cutting steels, stainless steels, boron steels, carbon tool steels and bearing steels with such section choices, as round, spring steel bars and flat steel bars, among others. The Company has a steel plant and a rolling mill, as well as a test laboratory. It is a subsidiary of Bursa Cimento Fabrikasi AS.
CEMTS - Cemtas Celik Makina Sanayi ve Ticaret AS
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