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
Creditwest Faktoring AS, formerly Creditwest Faktoring Hizmetleri AS, is a Turkey-based financial factoring company. The Company’s services include credit management, revenue management and cash management. It offers various types of factoring services, such as domestic, import and export, which are used in a range of sectors, including food, tourism, the automotive industry, textile, chemistry, consumer goods, construction, paper and forestry products. It offers various types of factoring services, such as domestic, import and export. The Company is a subsidiary of Altinbas Holding AS.
CRDFA - Creditwest Faktoring AS
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