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 Hotels Co BSC is a Bahrain-based public shareholding company that operates in the tourism and hospitality industry. The Company owns The Diplomat Radisson Blu Hotel located in Manama. The hotel features 246 rooms, bars, restaurants, banquet and conference facilities. The Company also invests in other private and public limited companies. Its projects include the construction of the The Diplomat Radisson SAS Residence and Suites, a 13-storey tower adjacent to the hotel, comprising 121 full-serviced apartments.
NHTL - National Hotels Co BSC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.