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 Yayin Holding A.S. is a Turkey-based company engaged in all sorts of written, visual and audio publishing, broadcasting, and intelligence services. The Company has 10 direct and indirect subsidiaries. These are: Ihlas Gazetecilik A.S; Ihlas Haber Ajansi A.S., which acts as a news agency; TGRT Haber TV A.S; TGRT Dijital TV Hizmetleri A.S; Iletisim Magazin Gazetecilik San. ve Tic. A.S; Ihlas Fuar Hizmetleri A.S; Ihlas Gelisim Yayincilik A.S; Alternatif Medya Gorsel Iletisim Sis. Ltd. Sti.; Promas Profesyonel Medya Reklam ve Film Pazarlama Hiz. A.S., and Ihlas Reklam Ajansi Hizmetleri Ltd. Sti. Ihlas Yayin Holding A.S. oversees all of its subsidiaries’ operations, and provides all the necessary support for all types of investments.
IHYAY - Ihlas Yayin Holding AS
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