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
Oriental Hotels Limited(OHL) is an India-based holding company. The Company is engaged in the business of owning, operating, and managing hotels and resorts. It serves customers include business travelers, tourists, event and conference attendees, wedding guests, food and beverage patrons, crew members, and long-staying guests. The Company’s hotel units include Taj Coromandel, which is five-star hotel located in Chennai; Taj Fisherman’s Cove Resort & Spa, which is five-star hotel located in Chennai; Taj Malabar Resort & Spa, which is five-star hotel located in Kochi near Willingdon Island; Vivanta Coimbatore, a five-star hotel in Coimbatore; The Gateway Hotel Pasumalai in Madurai; Gateway Coonoor – IHCL SeleQtions in Coonoor, and The Gateway Hotel Old Port Road in Mangalore. The Company’s subsidiary is OHL International (HK) Limited, which is located in Hong Kong. The hospitality business of OHL was established under the technical and operational support of Indian Hotels Company Ltd.
ORHT - Oriental Hotels Ltd
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