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
QNB Finans Finansal Kiralama AS, formerly Finans Finansal Kiralama AS, is a Turkey-based company engaged in domestic and international financial leasing. It Focuses on small to medium-sized enterprises’ investment needs. The Company provides leasing services for heavy machinery, medical equipment, textile equipment, real estate, printing equipment, manufacturing machines and commercial vehicles, among others. The Company provides after-sale services, including insurance transactions, rent invoices, ownership transfers and second-hand products transactions. The Company operates a network of offices throughout Turkey, including an office in Ataturk free trade zone.
QNBFL - QNB Finans Finansal Kiralama AS
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