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
Guler Yatirim Holding AS, formerly Baskent Menkul Kiymetler Yatirim Ortakligi AS, is a Turkey-based holding company. It focuses on such sectors, as finance, energy, pharmaceuticals and construction, among others. The Company operates via its subsidiaries, primarily in the field of finance, providing services to both domestic and foreign individual corporate clients. The Company has such subsidiaries, as the 93.32%-owned Glryh Pharma Itc Construction & Com. Inc., the 75.87%-owned Myzyo – Mustafa Yilmaz Investment Trust Inc. and the 99.96%-owned Guler Private Equity Investment Trust Inc. In March 2014, the Company raised its interest to 50% in Dinamo Tamir ve Bakim Urunleri Sanayi ve Ticaret AS, an Istanbul-based wholesaler of automotive parts. In September 2014, the Company increased its stake in A1 Capital Menkul Degerler AS from 45% to 99.7%, through acquiring shares from Hilmi Hakan Derinkok.
GLRYH - Guler Yatirim Holding AS
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