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
Ersu Meyve ve Gida Sanayi AS is a Turkey-based company engaged in the manufacture and marketing of juice concentrates, fruit puree products and pastes, as well as other fruit products. Its product portfolio comprises such fruit juice concentrates, as clear, cloudy and puree products made of such fruit, as pear, quince, blackberry, citrus fruit, apple and raspberry, among others; 100% fruit juices made of such fruit, as pomegranate, apple, orange, black carrot and grape; nectars, made of apricot, orange, peach, sour cherry, lemons and fruit mixes, and tomato pastes, among others. The Company markets its products under the Ersu brand name, both on the domestic market and abroad. It operates production facilities located in Eregli and Nigde, Turkey.
ERSU - ERSU Meyve ve Gida Sanayi AS
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