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
Deniz Gayrimenkul Yatirim Ortakligi AS is a Turkey-based investment trust. The Company is engaged in investment and portfolio management capital market instruments traded on the domestic and international stock exchanges, as well as other organized over-the-counter markets, specializing in gold and other precious metals. The Company’s activities include creating the partnership portfolio and changing it when necessary; distributing the risk involved; observing the stock exchange market and other related organizations closely to take necessary precautions, and doing research to stabilize or raise the value of the portfolio. The Company’s portfolio consists of government and treasury bonds, public and private stocks, and reverse repo instruments. Deniz Gayrimenkul Yatirim Ortakligi AS is a subsidiary of Denizbank AS.
DZGYO - Deniz Gayrimenkul Yatirim Ortakligi AS
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