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
Aban Offshore Limited is engaged in the business of providing offshore drilling and production services to companies engaged in exploration, development and production of oil and gas both in domestic and international markets. The Company is also engaged in the ownership, operation and maintenance of wind turbines for generation of wind power in India. The Company is focused on the business of offshore drilling services. The Company offers a range of offshore drilling services to clients in India and abroad, including exploratory services, drilling services, production of hydrocarbons, and manning and management. The Company and its subsidiaries produce about 70 megawatts of wind energy annually. The Company’s wind farms are located at Radhapuram, Pazhavoor and Kavalkinaru in Tirunelveli District of South Tamil Nadu. Its subsidiary, Aban Energies Limited (AEL), operates and maintains the KVS-33 model, 410 KW capacity wind turbines.
ABAN - Aban Offshore Ltd
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