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
ForteLeasing AO, formerly Temirleasing AO, is a Kazakhstan-based company, which focuses on the provision of equipment leasing. Three of its main products include business leasing, express leasing and leaseback. Its clients are shipping, transport, construction, furniture and food industries companies. ForteLeasing AO cooperates with such companies as As-Ay TOO, Alatau-AvtoSpetsTekhnika TOO, Agro-3 TOO, Borusan Makina TOO, Adiana Machinery TOO and Hellma Poultry GmbH&Co. KG, among others. ForteLeasing AO operates through two representative offices located in Astana and Shymkent, Kazakhstan.
TMLZ - ForteLeasing AO
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