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
Kuyas Yatirim AS, formerly Kuyumcukent Gayrimenkul Yatirimlari AS is a Turkey-based real estate investment company. The main purpose of the entity is to buy, sell, use, repair or rebuild various kinds of real estate owned, owned and held by public or private institutions, third parties, with or without shares, rent them, rent out the real estate owned or leased by them as well as to establish a management company for these real estates. The Company operate, receive and give various kinds of guarantees in order to carry out their works, establish and register and release pledges and mortgages, easement, right of construction, timeshare easement, partition, residence, floor easement, condominium, real estate liability or construction rights.
KUYAS - Kuyas Yatirim AS
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