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
Gediz Ambalaj Sanayi ve Ticaret AS is a Turkey-based company primarily engaged in the plastics industry. The Company focuses on the design, production and distribution of corrugated polypropylene (PP) sheet. Its PP sheet are used in a number of applications, such as household appliances, automotive, packing, iron work, signboards and stands, office supplies, multipurpose boxes, recycling bins, pet kennels, agriculture, greenhouses and building isolation. The Company’s products are designed in various colors, dimensions and shapes, as well as with fire retardant and ultraviolet (UV) resistant option. The Company’s subsidiaries include Gediz Plastik Petrol Turizm ve Tasimacilik Sanayi ve Ticaret AS.
GEDZA - Gediz Ambalaj Sanayi ve Ticaret AS
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