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
RateGain Travel Technologies Limited is an India-based company, which provides software as a service (SaaS) solutions in the hospitality and travel industry. The Company processes electronic transactions and price points for the travel and hospitality industry. The Company operates through three segments, namely marketing technology (MarTech), distribution, and data as a service (DaaS). It offers travel and hospitality solutions across a spectrum of verticals including hotels, airlines, online travel agents (OTAs), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. The Company’s products include Travel-intent, Competitor Pricing Intelligence, Rate Parity, Digital Marketing, Distribution, and Virtual Concierge & Upsell. The Company works with customers to help them in revenue generation through acquisition, retention, and wallet share expansion.
RATE - Rategain Travel Technologies Ltd
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