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
Mia Teknoloji AS is a Turkey-based IT company. The main activities of the entity are to design, manufacture, maintain and sell all kinds of computer and information technologies system software and to provide electronic signature and electronic certificate; software and system integrator, consultancy and engineering, education and consultancy, industrial design and all kinds of biometric (fingerprint, iris recognition, vein recognition, face recognition) system design, software and sales. Mia Teknoloji also operates abroad with offices in the United States and Qatar. The company provides services to public institutions, private sector organizations and international companies in Turkey with software and projects.
MIATK - Mia Teknoloji AS
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