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
Phoenix Canada Oil Company Limited is a Canada-based company that maintains non-controlling equity investment positions in public companies. The Company also holds minority interest investments in a small number of mature gas fields in Western Canada. The Company is evaluating acquisition targets that would generate additional shareholder value through the purchase of operating assets.
PCO - Phoenix Canada Oil Company Ltd
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