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
Gersan Elektrik Ticaret ve Sanayi AS (Gersan) is a Turkey-based company active in the electrical industry. The Company manufactures systems and materials that carry, connect and protect the conductors in the lines that extend from power plants to the outlets in the houses. Its product portfolio comprises cable trays, busbars, grounding, under-floor systems, feeder pillars and distribution panels, prevention systems, spark gap arresters, main and intermediate distribution plates, elevated type cable supports and bauds, ventilation systems, support elements, various cable combinations, disconnect, connect and support elements, cable and pipe tagging systems and special conveyors, among others. Additionally, the Company conducts research and development activities. The Company is active in Turkey, as well as in Europe and the Middle East, among others. Its customers include Unilever Turk A.S., Maryot Hotel, Expo Center Hanty, Volga Mercedes and Vodafone, among others.
GEREL - Gersan Elektrik Ticaret ve Sanayi AS
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