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
Tengri Bank AO is a Kazakhstan-based commercial bank, which is principally involved in the provision of banking and financial services. The Bank offers services to individual and corporate clients, including the opening and maintenance of bank accounts, securities operations, lending services, cash and non-cash money transfers, currency exchange, bank guarantees and other financial services. The Company operates through four branches, located in Almaty, Karaganda, Pavlodar and Astana.
DNBN - Tengri Bank AO
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