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
Turk Prysmian Kablo ve Sistemleri AS (Prysmian) is a Turkey-based manufacturer and supplier of energy and telecommunication cables, conductors, apparatus, and their spare parts and accessories. The Company produces electrical cables along with a range of accessories from extremely high to very low voltage, which are resistant to very high temperatures, fire, chemical agents and nuclear radiation for land, submarine, underground and overhead applications. It offers energy transmission and distribution cables, such as insulated wires and power cables, rubber insulated cables, elevator and airport runway cables for the utility and commercial building industries. Prysmian also produces optical fibers and telecommunication cables, including products, such as optical cables, sirocco blown fiber systems, copper cables, telephone and coaxial cables, and connectivity hardware. It is a subsidiary of Prysmian Cable Holding BV.
PRKAB - Turk Prysmian Kablo ve Sistemleri AS
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