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
Silver Pearl Hospitality & Luxury Spaces Limited is an India-based hospitality company. The Company operates in the hotel sector, consisting of the upper-midscale, midscale, and economy hotel segments. The Company owns, manages, operates, and markets the hotels. It also operates restaurants and a cafe. The Company’s portfolio of properties include Osiya Shambhu Lodge, Osiya Shoshla Cafe, Osiya Rangnoo Rakchham Retreat, Osiya Tashi Dolma Home stay, Dona Sa Maria, and Osiya Baba Inn Guest Home. It operates 36 rooms in three properties. The Company’s properties are located in Rakchham village, Kinnaur, Himachal Pradesh. The Osiya Shambhu Lodge has about 13 rooms, which are divided into three categories to serve guests with varying range of budget. The Osiya Shoshla Cafe is a two-story building with a seating capacity of about 100 people. The Osiya Rangnoo Rakchham Retreat has about 11 cottages all made from the local red stone along with the roof made out of local tiles.
SILP - Silver Pearl Hospitality & Luxury Spaces Ltd
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