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
Turkiye Petrol Rafinerileri AS is a Turkey-based company that is engaged, together with its subsidiaries, in the refining of crude oil and petroleum products. Its refineries produce a full range of refined petroleum products, including diesel, fuel oils, jet fuel, gasoline and asphalt. The Group also imports and sells petroleum products and engages in the distribution, retailing and marine transportation of crude oil and refined products. It is mainly engaged in the following fields: to provide and refine crude oil, to import and export petroleum products, and to establish and operate domestic and foreign refineries for this purpose; to establish and operate factories and facilities in petrochemical and other related industries; to establish and operate facilities and plants related with energy and energy related industries, as well as to purchase, sell, import, export, store, market and distribute petroleum products, Liquefied Petroleum Gas (LPG) and natural gas, among others.
TUPRS - Turkiye Petrol Rafinerileri AS
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