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 Gayrimenkul Yatirim Ortakligi AS is a Turkey-based company engaged in real estate operations and investments. The Company leases and rents commercial and office buildings in Ankara and Istanbul, and develops real estate projects. It invests in real estates for development purposes. The Company’s projects include Ankalife Yasam Kompleksi and Bakirkoy Is Merkezi. Among its real estate portfolio are Kavakli Vakif Is Merkezi, Levent Is Merkezi, Kadikoy Is Merkezi, Bagdat Caddesi Magaza, Mustafakemalpasa Dukkan, Kavaklidere Dukkan, Finans Market Is Merkezi and Vakif Is Merkezi. Vakif Gayrimenkul Yatirim Ortakligi AS is a subsidiary of Turkiye Vakiflar Bankasi TAO and Toplu Konut Idaresi Baskanligi (TOKI).
VKGYO - Vakif Gayrimenkul Yatirim Ortakligi AS
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