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
Demisas Dokum Emaye Mamulleri Sanayii AS is a Turkey-based company engaged in the design, engineering and manufacturing of enameled products and castings in grey, nodular and vermicular iron. Its castings are used in household and industrial refrigeration compressors, as well as in automobiles and heavy trucks. The Company’s products include crankshafts, exhausts, iron castings and cylinder heads. Additionally, the Company provides design support and engineering services to its customers and partners. The Company operates a foundry in Bilecik, Turkey. The Company exports its products to such countries, as Germany, Belgium, Ireland, Italy, the Czech Republic, Slovakia, Slovenia, France, Poland, Tunisia, the United Kingdom and the United States. It is a subsidiary of Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS.
DMSAS - Demisas Dokum Emaye Mamulleri Sanayi AS
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