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
Kocaer Celik Sanayi ve Ticaret AS is a Turkey-based company, which operates in the steel profile segment of the iron and steel industry. The Company offers over 12,000 products in various types, sizes and thicknesses containing chemical compositions of over 60 different qualities, together with the value-added products added to its product portfolio. Entity manufactures high-strength, different sizes, special lengths and sections of steel profiles for customers operating in the solar energy infrastructure, energy transmission line, structural steel, transportation, mining, tunneling, shipbuilding, agriculture, machinery manufacturing and defense industry sectors and sells them through export, domestic and international distribution channel.
KCAER - Kocaer Celik Sanayi ve Ticaret AS
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