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
Gulf Hotel Group BSC is a Bahrain-based public shareholding company that operates in the tourism and hospitality management industry. The Company owns and operates a number of domestic and international holiday resorts, namely Gulf Hotel Bahrain, Bahrain; Gulf Executive Residence, Bahrain, and Ocean Paradise Resort, Zanzibar in the Republic of Tanzania. It also owns the Gulf Convention Centre, which is a venue for conferences, exhibitions, gala dinners, banquets, and weddings. In addition, Gulf Hotels Group BSC serves the beverages industry through its subsidiary, Gulf Brands International, which imports, retails, and distributes alcoholic and non-alcoholic beverages throughout the Kingdom of Bahrain. The Company also offers other hospitality related services, such as Pre-opening Technical Assistance, Pre-opening Management Contract Services, Management Services and Group Support Services. In July, 2013, the Company purchased a plot of land in the Business Bay area in Dubai.
GHG - Gulf Hotel Group BSC
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