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
Vanet Gida Sanayi Ic ve Dis Ticaret AS (Vanet Gida) is a Turkey-based company engaged in the food processing sector. The Company processes meat and poultry and offers such products as veal, lamb and turkey carcasses, salami, sausages, cured spiced beef, ham and tripe. The Company owns a 24,000 square-meter facility in Van, Turkey, where its stockbreeding takes place. Its facility has a daily production capacity of 24 tons of chopped meat and 20 tons of delicatessen products. It has a storage capacity of 1,500 tons of carcass and other products. Slaughtering is done according to the Islamic rules. On October 26, 2010, the Company signed a three-year contract with Metro Holding for the right of use of six Vanet brands. Vanet Gida is a subsidiary of Metro Ticari ve Mali Yatirimlar Holding A.S.
VANGD - Vanet Gida Sanayi Ic ve Dis Ticaret AS
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