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
Kamat Hotels (India) Ltd is an India-based company, which is engaged in the hospitality business. The Company has hotels and restaurant, such as timeshare, clubs, resorts, and heritage hotels. It also provides hotel consultancy, setups, and other such related activities. It has hotels in the states of Maharashtra (Mumbai, Pune, Nashik, Murud), Goa (Benaulim) and Orissa (Puri, Konark). Its Orchid hotel is an ecotel hotel, which offers complimentary airport transfers to its guests. It provides heritage collection, which includes Fort Jadhavgadh and Mahodadhi Palace. Its leisure hotels include Lotus Eco Beach Resort Konark, Lotus Eco Beach Resort Murud-Harnai, and Lotus Eco Beach Resort Goa. Its Vithal Kamat Original Family Restaurants are in Konark Sun Temple, Puri, Bhubaneswar, Andheri, Nasik, and Manor. Its subsidiaries include Orchid Hotels Pune Private Limited, Orchid Hotels Eastern (I) Private Limited, Kamats Restaurants (India) Private Limited, and Mahodadhi Palace Private Limited.
KAMT - Kamat Hotels (India) Ltd
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