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
Pamukova Yenilenebilir Elektrik Uretim AS is a Turkey-based company, which generates renewable electricity energy with Hydroelectric Power Plant with an installed capacity of 6,744 MW, located within the borders of Celikhan district of Adiyaman province. The Company’s shares are traded on Borsa Istanbul (BIST) with the code PAMEL.
PAMEL - Pamel Yenilenebilir Elektrik Uretim AS
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