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
Cosmos Yatirim Holding AS, formerly Cosmos Yatirim Ortakligi AS is a Turkey-based investment trust. It is engaged in the establishment and management of a portfolio of capital market instruments, such as Istanbul Stock Exchange-listed stocks and fixed-income instruments. The Company develops its portfolio from stocks with minimum risk and maximum yield. However, fixed-income products are determined according to changes in the stock exchange.
COSMO - Cosmos Yatirim Holding AS
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