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
Ersan Alisveris Hizmetleri ve Gida Sanayi Ticaret AS is a Turkey-based company, which engages in wholesale and retail purchase, sale, import and export of various kinds of food and necessities as well as manufacture, market and sale of meat and meat products. The Company is also engaged in processing, buying and selling, trading, importing and exporting of agricultural and animal products, toys, souvenirs, kitchen utensils, household appliances, white goods, electronic tools and equipment, glassware as well as various kinds of flour and flour products. Additionally entity manufacture bread with or without additives, cakes, pastries, legumes, dry and fresh food, fruits and vegetables and nuts.
KIMMR - Ersan Alisveris Hizmetleri ve Gida Sanayi Ticaret AS
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