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
Selcuk Ecza Deposu Ticaret ve Sanayi AS (Selcuk Ecza) is a Turkey-based medical warehousing company that serves as the distribution channel between pharmaceutical companies, pharmacies and hospitals. The Company distributes pharmaceutical products, as well as cosmetics, personal care, infant food, vitamins, medical and similar products. The Company operates through a network of five branches located in Ankara, Samsun, Izmir, Konya and Antalya. As of December 31, 2011, the Company’s subsidiaries included As Ecza Deposu Ticaret AS, which is engaged in operating as a pharmacy depot through four branches located in Ankara, Kayseri, Izmir and Konya, and Selcuk Ecza Deposu Dis Tic AS, which is active in the export and import of a range of drugs and patent medicines, medical supplies together with pharmacy depot operations.
SELEC - Selcuk Ecza Deposu Ticaret ve Sanayi AS
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