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
Kervansaray Yatirim Holdings AS, formerly Ceylan Giyim Sanayi ve Ticaret AS (Ceylan), is a Turkey-based company. The Company will participate in the capital of companies and administrations established or to be established, will channel resources to make investment decisions in accordance with the investment, financing, marketing, organization, and management to advise.
KERVN - Kervansaray Yatirim Holding AS
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