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
Verusa Holding AS is a Turkey-based private equity and venture capital investment company. It specializes in recapitalizations, bridge financing, growth capital, restructuring, growth equity, growth stage, and Pre-Initial Public Offering (Pre-IPO) companies. Its investment strategy is to participate in both domestic and foreign small and medium enterprises (SME). Its investment process is divided in the following stages: determination of strategy, identification and screening, strategic and commercial due diligence, performance improvement and value creation, as well as exit. The Company is active in the energy, finance, steel, chemical, technology, logistics and mining industries. Its investments include Verusaturk Venture Capital Investment Trust Inc., Ata Wholesale Electric Power Inc., Aldem Steel Industry and Trade Inc., Innoted Technology Inc., Aciselsan Acipayam Cellulose Industry and Trade Inc., Enda Energy Holding and Profreight Transportation Services Inc., among others.
VERUS - Verusa Holding AS
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.