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
Sinpas Gayrimenkul Yatirim Ortakligi AS (Sinpas GYO AS) is a Turkey-based real estate investment trust (REIT), which is engaged in real estate investments and real estate development projects. The Company takes part in the development, design, and sales and marketing of high-end residential housing projects. The portfolio of the Company includes Istanbul Saraylari Project, Aqua City 2010, Bosphorus City, Bursa Modern, Lagun, Rumeli Konaklari and Avangarden. Sinpas Gayrimenkul Yatirim Ortakligi AS is a member of Sinpas Group. The Company’s subsidiaries include EVIYA Gayrimenkul Gelistirme ve Yatirim AS and Samandira Mobilya Sanayi ve Ticaret AS.
SNGYO - Sinpas Gayrimenkul Yatirim Ortakligi AS
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