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
Rubenis Tekstil Sanayi Ticaret AS is a Turkey-based company, which engages in textile sector. The Company’s main activities are knitting made of all kinds of silk, cotton, wool, synthetic natural fibers and other yarns and manufacture, export, import, wholesale and retail trade of woven fabrics. Rubenis Tekstil is specialized in knitting and weaving combed cotton and it is also active in yarn production (rieter yarn and condensed ring yarn) and fabric dyeing. The Company is part of Rubenis group which engages in construction of residential buildings, real estate investments, parking lot operations, electricity generation, textile related product sales, air conditioning and spare parts sales.
RUBNS - Rubenis Tekstil Sanayi Ticaret AS
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