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
Gedik Yatirim Menkul Degerler AS is a Turkey-based brokerage house which provides investment advisory services. The Company’s services include: Equity Trading, On-line Trading, Trading of Fixed-Income Securities, Equity Capital Market Operations, Investment Trust Inc, Asset Management, Futures and Options, Brokerage Services for institutional investors and Investment advisory. It has 27 branches in Turkey. The Company’s subsidiaries include Marbas Menkul Degerler AS and Gedik Portfoy Yonetimi AS. Gedik Yatirim Menkul Degerler AS is a part of Gedik Group.
GEDIK - Gedik Yatirim Menkul Degerler AS
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