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
Euro Menkul Kiymet Yatirim Ortakligi AS, formerly Euro B Tipi Menkul Kiymetler Yatirim Ortakligi AS, is a Turkey-based investment trust engaged in portfolio management of capital market instruments, as well as gold and other precious metals traded on the domestic and international stock exchanges and other organized over-the-counter markets. The Company aims to create its portfolio from stocks with minimum risk and maximum yield. During the year ended December 31, 2009, Euro B Tipi Menkul Kiymetler Yatirim Ortakligi AS’s portfolio was comprised of public and private stocks, government bonds and reverse repo instruments.
EUYO - Euro Menkul Kiymet Yatirim Ortakligi AS
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