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
Elite Naturel Organik Gida Sanayi ve Ticaret AS is a Turkey-based company, which engages in fruit and vegetable juice and puree producing. The main field of entity production consists of organic fruit and vegetable juices, fruit and vegetable seed oils and extracts, fruit peel, fruit and vegetable stems, purees, fruit pulp, mixed vegetable and fruit dried fruit, fresh medicinal and aromatic herbs, dried medicinal aromatic herbs, organic instant brewed tea. The Company is also engaged in production and sale of snacks, nutritional supplements with functional inputs, children’s food products, cooking sauces and other semi-finished and finished products. Elite Naturel has the opportunity to supply 75,000 tons of fruit and vegetables annually from around 8,000 contracted farmers and a total of 766,000 hectares of organic farmland in forests.
ELITE - Elite Naturel Organik Gida Sanayi ve Ticaret AS
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