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
National Hospitality Institute SAOG (NHI) is an Oman-based joint stock company engaged in the provision of training solutions in the hospitality, tourism and retail sectors, as well as investing in companies dealing in such activities. The Company offers various training programs under its focused brands namely, Gulf Chef School, which offers various catering courses, and Gulf Travel School, which offers International Air Transport Association (IATA) consultant and management courses, as well as cabin crew training courses. In addition, the Company is also the Oman franchisee to offer American Hotels & Lodging Association (AHLA) diplomas in the hospitality sector in Oman. The Company’s Food Safety Academy provides training, certification, consultancy and audit services relating to food safety. As of December 31, 2011, the Company operated a wholly owned subsidiary, namely Nakshatra Hospitality India Private Limited.
NHIS - National Hospitality Institute SAOG
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