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
Royal Orchid Hotels Limited is an India-based company, which is engaged in the business of operating and managing hotels/ resorts and providing related services, through its portfolio of hotel properties across the country. Its hotels include Regenta Resort Vanya Mahal, Regenta Camellia Resort and Spa, Santiniketan, Regenta Resort Central, Regenta Almeida and Regenta Orkos. Its brands include Royal Orchid Central, Royal Orchid Suites, and Regenta. The Company operates hotels in Ahmedabad, Amritsar, Bangalore, Bharuch, Bhuj, Chandigarh, Chennai, Dandeli, Goa, Gurgaon, Hampi, Haridwar, Jaipur, Kolkata, Mahabaleshwar, Mussoorie, Nairobi, Navi Mumbai, Pune, and Ranthambore. The Company’s products include rooms and food and beverage services. The Company has approximately 80 plus hotels, 4,800 plus guest rooms, and 150 plus restaurants and bars. It also provides business hotels, wildlife tourism, leisure hotels, wedding destinations, religious destinations, and historic destinations.
ROYL - Royal Orchid Hotels Ltd
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