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
Tureks Turizm Tasimacilik AS is a Turkey-based road personnel transportation company. The main fields of activity of the Company are to transport personnel and students by road in urban, suburban and rural areas, to provide shuttle services to public and private institutions, to rent vehicles for fleets and individually. Tureks Tourism is also active in the field of public transportation (Private Public Bus) and provides public transportation services to provincial and district municipalities. The Company also offers operational fleet leasing services, consultancy and financial services. Entity employs close to 1300 employees and has 9 branches in Istanbul, Corlu, Ankara, Luleburgaz, Antalya, Erzurum, Eskisehir, Tekirdag and Balikesir.
TUREX - Tureks Turizm Tasimacilik AS
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