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
Utopya Turizm Insaat Isletmecilik Tic. AS is a Turkey-based company engaged in the management of touristic facilities, hotels, and shopping malls, as well as in the construction of tunnels, channels, sewage systems and infrastructure. The Company has completed the construction of its tourism project, Utopia World Hotel in June 2007 and its shopping mall project, Malltepe AVM in October 2008. The management of both of the projects belongs with the Company. The Company also has a number of contracting businesses. The projects that the Company has completed include Karasu (Sakarya) Kanalizasyon Insaati, M.E.B. Hasanoglan Mkz. Insaati, Bartin (Merkez) Kanalizasyon Insaati, Kastamonu Icmesuyu Insaati, Istanbul Cad. Kollektor Insaati, and S.S. Tasucu Koop. 402 Konut Insaati.
ZEDUR - Zedur Enerji Elektrik Uretim AS
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