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
Churchill Downs Incorporated is a racing, online wagering and gaming entertainment company, which is anchored by its flagship event, the Kentucky Derby. The Company owns and operates 13 live and historical racing entertainment venues in three states and 12 casino gaming properties in 10 states and 10 retail sportsbooks. It also operates an online horse racing wagering platform in the United States. Its segments include Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia and New Hampshire. The TwinSpires segment includes the TwinSpires Horse Racing, the TwinSpires Sports and Casino and the United Tote businesses. It also provides technology to support historical horse racing operations in Kentucky, Wyoming and New Hampshire. The Gaming segment is engaged in the casino properties and associated racetrack facilities.
CHDN - Churchill Downs Inc
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