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
Oylum Sinai Yatirimlar AS is a Turkey-based company engaged in the food processing sector. The company produces and supplies plain and creamy biscuits; wafers; crackers; praline wafers, and confectionery products, such as chewing gums, jams, candy and halvah products. Oylum Sinai Yatirimlar AS’s facilities include Oylum Biscuit Factory, REHA Confectionery Factory and a 16,000 square meter facility in Kayseri Organised Industial Zone. The Company exports its products to approximately 20 countries worldwide. As of 2012, the Company went into strategic partnership with Anadolu Venture Capital Investment Trust Inc.
OYLUM - Oylum Sinai Yatirimlar AS
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