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
Kartal Renewable Energy Uretim AS is a Turkey-based company, which engages in renewable energy producing. The main field of activity of the Company is the generation of electrical energy from solar power plants and the sale of the generated electricity to distribution companies within the scope of the Renewable Energy Resources Support Mechanism (YEKDEM). The Company also provides services for the establishment, commissioning and leasing of electricity generation facilities in Turkey and abroad. Kartal Energy has 9 subsidiaries and the group produces and sells electricity with 52 unlicensed solar power plants with a total installed power of 53,414.33 kWp in the provinces of Manisa, Denizli, Aksaray, Sivas, Ankara, Antalya and Konya.
KARYE - Kartal Yenilenebilir Enerji Uretim AS
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