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
Ideal Finansal Teknolojiler ve Danismanlik AS, formerly Idealist Danismanlik AS and MCT Danismanlik AS, is a Turkey-based management consulting company offering business consulting services. The Company provides support for organizational development and human resource consultancy services as well as trainings. It also offers international executive trainings and development programs. MCT Danismanlik AS is a subsidiary of Middle East Management Centre Sprl and has one subsidiary, Eventus Organizasyon Fuarcilik ve Ticaret Anonim Sirketi.
IDEAS - Ideal Finansal Teknolojiler ve Danismanlik AS
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.