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
Kerevitas Gida Sanayi ve Ticaret AS is a Turkey-based food processing company. Its activities include the processing, sale, distribution, import and export of various foodstuffs, such as frozen vegetables, fruit, seafood and meat products, as well as baked goods, including pizza and pastries. The Company also carries out canning operations of its products, in addition to producing and marketing ice cream. The Company offers approximately 300 products. Its products are distributed through a network of seven regional offices and 43 dealers in Turkey. It markets its products domestically under the brand name of Superfresh, and exports them to the European countries, Japan, Russia, the Turkic Republics, Middle East and Far East countries. FFK Fon Finansal Kiralama AS holds major shares in the Company’s capital.
KERVT - Kerevitas Gida Sanayi ve Ticaret AS
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