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 Yatirim Menkul Degerler AS is a Turkey-based investment and consultancy company. Entity operates in these areas with brokerage, portfolio management, public offering intermediation, purchase and sale of securities with commitment to repurchase or sell, investment advisory authorization certificates and loan securities, short selling and lending as well as lending transactions of securities. The company generally provides services in a wide range of sectors such as finance, insurance, energy, telecommunications, food, fertilizer, mining, port, real estate, retail, media, iron and steel, cement, logistics, chemistry. Oyak Yatirim provides services to individual, corporate, national and international customers, numbering more than 200,000, with 13 branches spread over 11 provinces of Turkey.
OYYAT - Oyak Yatirim Menkul Degerler AS
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