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
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS (Sarkuysan) is a Turkey-based copper products manufacturer. The Company’s products include cathode plates, wire rods, single and multi wires, bare, tin and nickel-plated bunched wires, rope-lay stranded conductors, flat wires, paper-insulated round and flat wires, copper bus bars and copper tubes, copper alloys, including silver alloyed copper and bronze and brass alloys, and centrifugally cast products. The Company’s primary manufacturing operations take place in its 180,000 square-meter plant, where electrolytic copper products, copper tubes and bus bars are produced. The Company exports to approximately 50 countries in five continents. The Company has such subsidiaries, as Demisas Dokum Emaye Mamulleri Sanayi A.S., which operates foundries; Sarda Dagitim ve Ticaret A.S, engaged in the marketing of the Company’s products, and Sarmakina Sanayi ve Ticaret A.S., a manufacturer and subcontractor of wires and cables, among others.
SARKY - Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS
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