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 Hotels (Oman) Company Limited SAOG is an Oman-based company that operates in the hospitality and tourism industry in the Sultanate of Oman. The Company owns and operates Crowne Plaza Hotel in Muscat. The hotel owned by the Company is licensed, marketed and managed by Holiday Inns Middle East Limited under the brand name Crowne Plaza. The Company offers rooms, food and beverage; spa; health club; sale of merchandise; and others, which includes guest transport service, guest laundry service, guest telephone service, rental income and other miscellaneous services.
GHOS - Gulf Hotels Oman Co Ltd SAOG
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