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
Imas Makina Sanayi AS is a Turkey-based company, which is engaged in manufacturing machinery and equipment related to many sector’s activity. The Company operates under the brand names of Milleral in grain milling, Viteral in feed plants, Cuteral in the bandsaw industry, Steral in prefabricated steel construction industry, and ProSupport in after-sales services. Milleral is the trademark of Imas that carries grain milling machines and systems and that transform of grains like wheat, corn, rye, and oat into the flour or semolina. Viteral is the trademark which carries the services of producing and establishing bovine, ovine and poultry feed milling machines and turnkey facilities to the sector. Cuteral is the trademark which carries the high speed horizontal band saw machines in many models like semi and full automatic, pivot, double column, circular, high speed and PLC band saw machines to the sector. Steral is operating in the fields of establishing turnkey steel constructions.
IMASM - Imas Makina Sanayi 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.