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
Arch Resources, Inc. is a coal producer and a producer of metallurgical coal. The Company sells substantially all of its coal to steel mills, power plants and industrial facilities. The Company has two segments: metallurgical (MET) and thermal. MET segment contains the Company’s metallurgical operations in West Virginia. The segment’s operations include Leer, Leer South, Beckley, Mountain Laurel. The Leer Complex is a longwall operation, which includes approximately 42.4 million tons of coal reserves. The Leer South mining complex is a longwall operation in the Lower Kittanning seam. The Beckley mining complex is located on approximately 16,600 acres in Raleigh County, West Virginia. Mountain Laurel is an underground mining complex located on approximately 38,200 acres in Logan County and Boone County, West Virginia. Thermal segment contains the Company’s thermal operations in Wyoming and Colorado. The segment’s operations include Black Thunder, Coal Creek and West Elk.
ARCH - Arch Resources Inc
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