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
National Corporation for Tourism and Hotels is a United Arab Emirates-based public shareholding company engaged in the ownership, management and investment in hotels and leisure complexes across the United Arab Emirates. The Company is organized into five business segments: the Hotels segment provides room, food and beverages services to customers; the Retail services segment provides beverage sales services; the Catering services segment provides catering services on a contract basis; the Transport services segment operates a fleet of deluxe taxis and buses, providing transportation services to the public and customers in Abu Dhabi and Al Ain, and the Holding segment is responsible for managing investments held by the Company, development of hotels and general coordination of the Company’s activities. The Company owns four hotels within the United Arab Emirates: Abu Dhabi Inter-Continental Hotel, Danat Al Ain Resort, Al Dhafra Beach Hotel and Danar Resort.
NCTH - National Corp for Tourism and Hotels
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