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
Cvk Maden Isletmeleri Sanayi ve Ticaret AS is a Turkey based company, which engages in mining activity in relation with production of concentrated and lump chromite ore, concentrated lead, zinc, copper and silver metal products on its own mining licenses and exports all of them. CVK Mining continues its mining activities with its enterprises established with 100% domestic capital. By taking advantage of all the opportunities offered by modern engineering practices and technology, CVK Mining continues to increase the impact and scale of its activities day by day and to produce Turkey’s chrome, lead, zinc, copper and magnesite ores.
CVKMD - Cvk Maden Isletmeleri Sanayi ve Ticaret AS
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