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
Oyak Cimento Fabrikalari AS is a Turkey-based company, which is engaged in the manufacture and sale of cement, clinker, and ready-mix concrete. The Company’s product portfolio includes various types of cement and clinkers such as white and grey cement, Portland cement, pozzolanic cement, Portland composite cement, sulfate-resistant cement, and petroleum cement. Oyak Cimento is also involved in other cement-related activities, such as extraction, production, and sale of materials useful for cement production, including limestone, clay, marl, gypsum, trass, slag, marble, kaolin, gravel, sand, and similar underground and aboveground natural resources. The Company sells its products in both domestic and foreign markets.
OYAKC - Oyak Cimento Fabrikalari AS
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