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
Cuhadaroglu Metal Sanayi ve Pazarlama AS is a Turkey-based company that provides contracting and production of aluminum profiles, surface treatment and aluminum construction elements for the construction sector. It is mainly operating in the following activity areas: Aluminum Systems; Aluminum Building and Contracting, as well as Cuhadaroglu Construction Contracting Industry and Trade Inc. The Company’s products include: Aluminum Door And Window Systems; Aluminum Sliding Systems; Aluminum Curtain Wall Systems; Cladding Systems; Aluminum Security Systems; Aluminum Sun Breakers; Aluminum Skylight And Winter Garden Systems; Aluminum Bolustrade And Handrail System and Interax Door And Accessory Systems.
CUSAN - Cuhadaroglu Metal Sanayi ve Pazarlama AS
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