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
Ege Seramik Sanayi ve Ticaret AS (Ege Seramik) is a Turkey-based company engaged in the production, sale and distribution of ceramic and porcelain floor and wall tiles for indoors and outdoors. Its offering comprises such product lines, as Alabastrino, Altavilla, Black and white, Carrara, Diamond, Diva, Elegant and Energy, among others. The Company’s production facilities are located in Izmir Kemalpasa Organized Industrial Zone, and comprise an area of 500,000 square meters. As of December 31, 2011, the Company’s largest shareholder was Ibrahim Polat Holding AS, which held 60.92% of its shares.
EGSER - Ege Seramik Sanayi ve Ticaret AS
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