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
Oncosem Onkolojik Sistemler Sanayi ve Ticaret AS is a Turkey-based company, which is engaged in the production of medical devices. The Company manufactures electromedical and electrotherapeutic apparatus, surgical and medical instruments, and other related medical products. Oncosem Onkolojik Sistemler is specialized in the manufacturing of equipment and medical devices used in cancer treatment, and it offers fully automated chemotherapy drug preparation devices, diagnostic tests and protective equipment, and waste collection devices. The Company also manufactures hazardous waste sealing systems, chemotherapy preparation and administration consumables, Oncosem devices’ components, and infusion pumps.
ONCSM - Oncosem Onkolojik Sistemler Sanayi ve Ticaret AS
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