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
Viceroy Hotels Limited is an India-based company that is engaged in the business of hoteliering. The Company owns approximately 297 room hotels under the brand of Marriott. The Company also owns approximately 120 room hotels under the brand of Courtyard Marriott in Hyderabad and approximately 56 room hotels in Himayatnagar, Hyderabad. The Company’s subsidiary Cafe D Lake Private Limited owns Fine Dine Restaurants in the name of Minerva Coffee Shop and Fine Dine Bars in the name of Bluefox. It owns Fine Dine Restaurants and Bars in Hyderabad and Vijayawada. Its Minerva Coffee Shop provides Fine Dine Vegetarian Restaurants at Himayat Nagar, Ameerpet, Madhapur in Hyderabad, Telangana and at Governor pet in Vijayawada, Andhra Pradesh. The Company’s subsidiaries include Cafe D Lake Private Limited, Crustum Products Private Limited, Viceroy Chennai Hotels & Resorts Private Limited, Minerva Hospitalities Private Limited and Banjara Hospitalities Private Limited.
VICE - Viceroy Hotels Ltd
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