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
Ral Yatirim Holding AS, formerly Bisas Tekstil Sanayi ve Ticaret AS, is a Turkey-based company engaged in the production and marketing of cotton fabrics and dyed yarn, which is used in the manufacture of men’s and women’s clothing. The Company’s products include cotton, cotton and polyester, polyester and viscose, acrylic, cotton and acrylic, cotton and viscose, and linen and composite fabrics. The Company has a manufacturing plant and a liaison office in Inegol.
RALYH - Ral Yatirim Holding AS
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