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
Eyg Gayrimenkul Yatirim Ortakligi AS is a Turkey-based company, whcih engages in the real estate industry and runs its activities as a real estate management company. The Company involves in the development and management of various types of real estate projects, such as residential, commercial, and industrial properties with financial services. Eyg Gayrimenkul Yatirim Ortakligi operates the portfolio consisting of real estate, real estate projects, real estate-based rights, capital market instruments and other assets and rights to be determined by the Capital Markets Board. Bringing together the brands Narli Bahce Evleri, Evvel Istanbul, Adm Istanbul and Evdeki Opportunity under its roof, EYG GYO is Turkey’s Housing Specialist, operating in a wide range of areas from project production to sales and after-sales services in the real estate sector.
EYGYO - Eyg Gayrimenkul Yatirim Ortakligi AS
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