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
Kiler Gayrimenkul Yatirim Ortakligi AS (Kiler GYO) is a Turkey-based real estate investment trust. The Company is a joint stock company with a registered capital that operates to invest primarily in real estate, instruments based on real estates and rights. The Company’s activities include land development, project development, design, planning and licence process, portfolio management, financing and construction project management. The Company’s completed projects include Istanbul Sapphire, Kiler Logistics Center, Cinarevler and Ankara Store. Its planned projects include Zonguldak Mixed-Use Project, Yakuplu Residential Project, Beylikduzu E5 Residences and Izmir Seferihisar Thermal Hotel. Kiler GYO has completed the electric, mechanic, heating, lighting, decoration and substructure works of 150,000 square meters of construction area of more than 170 stores throughout Turkey.
KLGYO - Kiler Gayrimenkul Yatirim Ortakligi AS
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