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 Gazetecilik AS, formerly Turkiye Newspaper, is a Turkey-based company active in the media sector, primarily in newspaper publishing. Its printing portfolio also includes books, magazines, inserts, supplements and brochures. It has printing facilities in Istanbul, Ankara, Izmir, Adana, Trabzon and Antalya. The capacity of the Istanbul facility only is 55,000 newspapers an hour. The Company’s individual printing offices in Ankara, Izmir, Adana, Trabzon and Antalya, also produce pages supported by local news to report on regional current affairs. The Company has a home and office delivery system in addition to being sold on newsstands throughout the country. It is a subsidiary of Ihlas Yayin Holding AS.
IHGZT - Ihlas Gazetecilik AS
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