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
Usak Seramik Sanayii AS (Usak Seramik) is a Turkey-based company engaged in the manufacture, sale and distribution of wall and floor ceramics and tiles, glazed porcelain tiles, decorative borders and panels for the construction industry. It offers tiles with various dimensions such as 33×50, 25×50, 25×40, 20×40, 20×20, 10×20, 10×10, 30×60, 45×45, 40×40 and 33×33. Usak Seramik Sanayii AS exports its products to over 30 countries including the United States, Germany, Italy, and Canada. Usak Seramik has a production facility in Banaz, Usak, which comprises an area of 211,547 square meters with 53,441 square meters of indoor area. The Company has an annual production capacity of 13 million square meters.
USAK - Usak Seramik Sanayi AS
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