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
Ufuk Yatirim Yonetim ve Gayrimenkul AS, formerly Fon Sinai Yatirimlar AS, is a Turkey-based company engaged in the provision of financial leasing and factoring services. The Company offers two to four-year leasing plans for land transportation vehicles, such as automobiles and commercial vehicles; air transportation vehicles, such as airplanes and helicopters; machinery and equipment that are used in various sectors, including textile, agriculture, medicine and publishing, among others; utility vehicles, such as loaders and forklifts; computers and components; office equipment, and office and commercial buildings for companies. The Company established a new subsidiary, Gozde Finansal Hizmetler AS in January 2010.
UFUK - Ufuk Yatirim Yonetim ve Gayrimenkul AS
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