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
India Tourism Development Corporation Limited operates hotels, restaurants at various places for tourists. It also provides transport facilities. The Company is engaged in production, distribution, and sale of tourist publicity literature, providing entertainment, engineering related consultancy services, duty free shopping facilities to tourists, hospitality and tourism management of the Company imparting training and education in the field of tourism and hospitality. It operates various divisions, including Hotels Division, Ashok Events Division (AED), Ashok International Trade Division (AITD), Ashok Travels and Tours Division (ATT), Ashok Institute of Hospitality & Tourism Management (AIH&TM), Ashok Consultancy & Engineering Services Division (ACES), and Sound & Light Show (SEL). The Hotels division includes hotels, such as Hotel Samrat, Hyderabad House, and Vigyan Bhawan. The Ashok Events Division manages events, conferences, and exhibitions. The AITD division focuses on seaports.
ITDC - India Tourism Development Corp Ltd
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