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 Ev Aletleri Imalat Sanayi ve Ticaret AS is a Turkey-based company engaged in the manufacture of electrical household appliances. The Company’s products include cleaning robots, reverse osmosis systems, electrical water heaters, water purifiers, electrical room heaters, vacuum cleaners, tea sets, electronic scales and electronic insect traps. The Company markets its products under the brands Aura, Ihlas and Ora. It also offers spare parts and after-sale services. The Company exports its products to more than 30 countries, including Russia, Germany, Hungary, Greece, Portugal, Italy, Poland, Cameroon and South Africa. The Company markets its products through its distributor, Ihlas Pazarlama AS.
IHEVA - Ihlas Ev Aletleri Imalat Sanayi ve Ticaret AS
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