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
Al Batinah Hotels Company SAOG is an Oman-based company, which is engaged in developing tourism and hospitality in Sohar and especially in Batinah Region. It owns and operates the Sohar Beach Hotel that features about 45 guest rooms, suites and chalets, as well as leisure facilities, such as the temperature-controlled outdoor swimming pool, a tennis court, a recreation centre and the resort’s beach. It also offers a range of foods of international cuisine alongside many traditional Arabian specialties, beverage outlets and bars that feature live entertainment.
BAHS - Al Batinah Hotels Company SAOG
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