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
Vakif Menkul Kiymet Yatirim Ortakligi AS, formerly Vakif B Tipi Menkul Kiymetler Yatirim Ortakligi AS is a Turkey-based investment trust company. The Company is engaged in investment and portfolio management of capital market instruments traded on the domestic and international stock exchanges, as well as other organized over-the-counter markets, specializing in gold and other precious metals. The Company’s portfolio Is made up of public and private stocks, government bonds and reverse repo instruments. In addition, its public and private stock investments are primarily in chemicals and petroleum, banking and finance and metal sectors. Vakif Menkul Kiymet Yatirim Ortakligi AS is a subsidiary of Turkiye Vakiflar Bankasi T.A.O.
VKFYO - Vakif Menkul Kiymet Yatirim Ortakligi AS
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