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
YEO Teknoloji Enerji ve Endustri AS is a Turkey-based company, which engages in power generation, transmission and distribution of product and service providing. The main activities of the Company consist of carrying out electrical contracting works at home and abroad, designing, construction, mechanical, assembly, installation works; providing maintenance and operation services; designing and all programming of electrical – automation systems of plants and machines; manufacturing and installing electrical panel. Additionally the entity also produces electricity from renewable energy both in Turkey and in Uzbekistan. YEO Teknoloji is active in 3 continents and 25 countries, and provides services in the renewable energy, power transmission and distribution, water and wastewater, oil and gas, cement and mining industries.
YEOTK - Yeo Teknoloji Enerji ve Endustri AS
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