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
Dagi Giyim Sanayi ve Ticaret AS (Dagi) is a Turkey-based textiles company. Its products include underwear for women and men, track suits, socks, swimwear and pajamas. Dagi opened its first shop in 1989 in Sisli, Istanbul. The Company has shops in Ankara, Istanbul, Adana, Denizli, Gaziantep, Izmir, Konya, Izmit, Mersin, Trabzon and Bursa. It also has shops in Azerbaijan, Morocco, Iraq, Cyprus, Lebanon, Russia and Syria in addition to the ones in Turkey. The Company undertook restructuring in 2004 with increasing its production capacity. It has a production facility with 8,000 square meters of indoor space. Dagi manufactured and marketed sports gear for 12 Dev Adam (12 Giant Men, Turkey’s National Basketball Team) in 2001 and supporters’ sports gear in 2001-2002.
DAGI - Dagi Giyim Sanayi ve Ticaret AS
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