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
Ihlas News Agency is a Turkey-based company, which engages in news agency development. The Company’s field of activity consists of video production, written and photographic news at home and abroad, and marketing these news via satellite and other means. The Company produces video, written and photographic news with its staff of more than 850 working and copyrighted personnel, 460 cameras and 320 digital cameras at home and abroad, an average of 300 images, 1,000 news texts and 3,000 photographs per day. It is served to radio, television, newspaper, Website and institutions via satellite and Internet. More than 1,500,000 images and more than 4,850,000 news are stored digitally in the archive of Ihlas Haber.
IHAAS - Ihlas Haber Ajansi AS
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