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
Hidropar Hareket Kontrol Teknolojileri Merkezi Sanayi ve Ticaret AS is a Turkey-based company, which main field of activity is providing works related to hydraulic power units, valve block and stands, acupressure, batterys and nitrogen stands, hydraulic cylinders, filtration and cooling units, automatic lubrication units, pneumatic panels, developing cartesian and conveyor systems, profile tables and protection barriers and robotic systems. Hidropar also engages in installing, manufacturing, internal trade, import and export of hydrauic automation systems. The Company provides its activities in area of 7.200 m2 at the address of Kocaeli Turkey and has branches in Karadeniz Eregli, Izmit Kocaeli and Haskoy Gebze.
HKTM - Hidropar Hareket Kontrol Teknolojileri Merkezi Sanayi ve Ticaret AS
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