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
Seker Proje Development ve Gayrimenkul Yatirim AS is a Turkey-based real estate investment company. The Company’s main fields of activity are to operate the portfolio consisting of real estates, real estate projects, rights based on real estate, capital market instruments and other assets and rights to be determined by the Capital Markets Board. The Company owns a total of 162 real estate properties in 21 different provinces in Turkey, with more than 70% offices and more than 20% commercial buildings, while the remaining small percentage is residential and land. As a project, entity continues the Seker GYO Sile project, consisting of 29 villas (42 independent sections), 1 outbuilding and 1 common pool on an area of 11,282 square meters in Istanbul – Sile.
SEGYO - Seker Gayrimenkul Yatirim Ortakligi AS
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