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
Papilon Savunma Teknoloji ve Ticaret AS is a Turkey-based company, which provides security technology services and products. It develops integrated (unimodal or multimodal) biometric identification systems and devices providing related services. Its product offering includes an automated palm and fingerprint identification system (APFIS), live scanners, biometric workstations, face recognition, iris recognition, mobile devices, forensic devices, ballistic identification, and virtual reality, among others. Its service offering includes consulting, training, maintenance, biometric data integration and collection, and customized software development. The Company provides its solutions to governments, law enforcement agencies, and other enterprises.
PAPIL - Papilon Savunma Teknoloji ve Ticaret AS
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