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
Iz Hayvancilik Tarim ve Gida Sanayi Ticaret AS is a Turkey-based company engaged in the food industry sector. The Company’s operations are structured into such business divisions as milk production, sale of live animals, sale of fertilizer, bio energy, forage crop production, fruit production and seedling cultivation. In January 2014, the Company acquired a 50% interest in Meyfit Tarim Meyve ve Fidan Ureticiligi Sanayi Ticaret AS, a Kayseri-based owner and operator of apple farms.
IZINV - Iz Hayvancilik Tarim ve Gida Sanayi Ticaret AS
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