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
Fade Gida Yatirim Sanayi Ticaret AS is a Turkey-based company, which engages in dried food manufacturing. The general field of activity of the entity is the production of dried tomatoes and it also operates in different fields such as other dried food and frozen food production, shopping center management, sapling production and construction. Fade Gida carries out its tomato activities in an area of 2,206 square meters, 1,806 square meters of which is closed, in Menemen, and its annual production capacity is 2,964 tons. The company exports its products to 22 different countries, mainly EU countries and the USA. The company produces vegetable seedlings through its 100% subsidiary Hade Fidecilik and is also the operator of Novada Menemen AVM.
FADE - Fade Gida Yatirim Sanayi Ticaret AS
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