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
Tortilla Mexican Grill plc is a United Kingdom-based fast-casual Mexican restaurant company. The Company’s principal activity is the operation and management of restaurants trading under the Tortilla and Chilango brands both within the United Kingdom and the Middle East. The Company is focused on specializing Californian-inspired Mexican cuisine. It offers burritos, tacos and quesadillas, which are prepared in-house, and toppings are prepared daily, free from artificial flavors of preservatives. The Company offers its customers dine in, self-serve, take away, click and collect and delivery options. It operates more than 82 sites worldwide, comprising 65 sites in the United Kingdom operated by the Group, four sites franchised to SSP Group in the United Kingdom, five sites franchised to Compass Group UK & Ireland, and eight franchised sites in the Middle East. Its subsidiaries include Mexican Grill Ltd, Mexican Grill International Franchise Ltd, California Grill Ltd and Chilango Ltd.
MEX - Tortilla Mexican Grill PLC
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