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
Turker Proje Gayrimenkul Ve Yatirim Gelistirme AS, formerly Mutlu Yatirim Proje ve Gayrimenkul Gelistirme AS, is a Turkey-based construction and real estate development company. The Company is involved in project, land and ongoing project development businesses in relation to the subject matter properties. Furthermore, it is involved in the establishment, construction, and operating, of residential units, business, office, shopping and entertainment centers, training centers, sports centers, health care complexes, health care facilities such as hospitals, hotels, motels, holiday villages, marinas, restaurants and similar tourism oriented facilities on designated land and to transfer the operating rights on such facilities as well as leasing out or leasing any such established or to be established facilities. To establish partnerships and execute any and all kinds of cooperative effort contracts to serve this purpose.
TURGG - Turker Proje Gayrimenkul Ve Yatirim Gelistirme AS
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