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
Makina Takim Endustrisi AS is a Turkey-based company engaged in the manufacture and sale of cutting and drilling tools for metal and wood used in such sectors as automotive, construction, home furnishing, textile and shipping. The Company’s main products include twist drills, taps, colored taps, round dies, reamers, countersinks, milling cutters, solid carbide tools, turning tools and saws. The Company operates a factory in Gebze, Kocaeli. The Company has branches in the Turkish cities of Istanbul, Bursa, Ankara, and Izmir and is active through a network of dealers in Turkey. The Company has such subsidiaries, as Evar Kesici Takim A.S., Tibot Yapi Market San. ve Tic. A.S. and Makina Takim Ticaret A.S.
MAKTK - Makina Takim Endustrisi AS
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