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
Is Gayrimenkul Yatirim Ortakligi AS (Is GYO) is a real estate investment trust, primarily engaged in the investment and development of real estate projects in Turkey. The majority of its real estate portfolio is made up of office buildings, shopping centers and hypermarkets, land, hotels, money and capital market instruments, as well as other projects. Some of the Company’s properties include Is Towers Complex, Kanyon Project, Real Hypermarket Building, Cinari Bahce Tuzla, Taksim Office Project, as well as such planned projects, as Tuzla Land and Izmir Project. Is Gayrimenkul Yatirim Ortakligi AS is a member of the Is Group. As of December 15, 2011, it owned 50% shares of Kanyon yonetim Isletim Ve Pazarlama Ltd.Sti. and Nesti in Globe (NIC) B.V.
ISGYO - Is Gayrimenkul Yatirim Ortakligi AS
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