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
Verusaturk Girisim Sermayesi Yatirim Ortakligi AS is a Turkey-based venture capital firm. The Firm’s investments focus on sectors, such as petrochemical, iron and steel, telecommunications, logistics, energy, medical and real estate. Its portfolio companies include: Acipayam Seluloz Sanayi Ve Tic AS (ACISELSAN), engaged in the manufacture and sale of Carboxymethylcellulose (CMC), used in oil drilling, powder and cream detergent, textile, paint, glue, food, pharmaceutical, cosmetics, ceramic, china, and welding rods industries; Anel Telekomunikasyon Elektronik Sistemleri Sanayi ve Ticaret AS (Anel Telekom), engaged in the telecommunication sector, and Profreight Tasimacilik Hizmetleri AS (Profreight Logistics) that provides road, maritime, railway and air, project and intermodal transportation services, as well as storage services.
VERTU - Verusaturk Girisim Sermayesi Yatirim Ortakligi AS
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