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
Isbir Sentetik Dokuma Sanayi AS is a Turkey-based company, which engages in multi-purpose textile products manufacturing. The company operates in the industrial packaging and technical textile sectors and its main activities are trade, import and export of polypropylene and polyethylene raw materials, including the production of yarn, technical fabric and industrial packaging, and Big Bag (High Strength Packaging, FIBC, BulkBag) and carpet backing with an integrated system. Isbir Sentetik carries out its carpet base production at its production facility in Balikesir, and bigbag production at its facilities in Turkey and India. In the production facilities of the entity, which has a total area of 130 thousand square meters, it produces 50 thousand tons per year with more than 400 employees.
ISSEN - Isbir Sentetik Dokuma Sanayi AS
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