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
West Leisure Resorts Limited is an India-based core investment company (CIC). The Company operates through two segments: financial activities and provision of services. The main objects of the Company are to engage in the business of leisure and hospitality industry, mainly resorts, entertainment and recreational arenas, restaurants, shopping malls and other related/ancillary activities. The Company has made an investment in an entity engaged in operating commercial mall and construction and development of real estate projects.
WLRL - West Leisure Resorts Ltd
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