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
Alloggio Group Limited is an operator of short-term rental accommodation (STRA). The principal activities of the Company are the management of short-term accommodation through hotels, motels and rent rolls. Its cloud-based technology platform provides an end-to-end solution for travelers and holiday property owners and managers. It operates in the large and fragmented Australian STRA market. It has a portfolio of brands operating in tourism destinations, such as Magnetic Island, Noosa, Brisbane, Gold Coast, Byron Bay, Coffs Harbour, Port Stephens, Newcastle, and others. Its business verticals include asset management, distribution and channel management, and operations and logistics. The Company specializes in turning property into valuable accommodation through its three business verticals by providing end-to-end services for the management, distribution, and operation of all types of short-term rental accommodation, including holiday homes, hotels, motels, tourist parks and others.
ALO - Alloggio Group Ltd
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