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
HLV Limited is an India-based holding company that is engaged in the business of owning, operating and managing hotels, palaces and resorts. It owns and operates The Leela Palaces, Mumbai with approximately 394 guest rooms and other hotels and resorts. The Company is engaged in providing accommodation and food services, and food and beverage services. The Company through its five global collections: Legend, LVX, Lifestyle, Connect, and Preferred Residences connects discerning travelers to the singular luxury hospitality experience that meets their needs and lifestyle preferences for each occasion.
HLVL - HLV Ltd
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