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
Suwen Tekstil Sanayi Pazarlama AS is a Turkey-based company, which offers wide range of products related to men and women clothing stores industry, from underwear to home wear, from socks to corsets, from swimwear & bikini collections to puerperal groups. Entity’s slogan My body is so special emphasizes women’s self-confidence, noble elegance, romance and passion also with corporate colors pink, baby mouth, ecru and powder. The Company expands its retail network in Turkey and Eastern Europe, the Balkans, the Caucasus, the Middle East, the Gulf Region, Africa, and Central and Far East Asia.
SUWEN - Suwen Tekstil Sanayi Pazarlama AS
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