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
Bass Oil Limited is an Australia-based diversified oil and gas company in Australia and Indonesia. The Company is engaged in oil production and holds an interest in eight permits in the Cooper Basin (Australia), including the 100% owned Worrior and Padulla oil fields and a 55% interest in a South Sumatra Basin (Indonesia) KSO. The Company’s projects include Tangai-Sukananti KSO, Cooper Basin Portfolio, Worrior Oilfield (PPL 207), Padulla Oilfield, Ex PEL 90K, PEL 182, Ex PEL 93, Ex PEL 100 and Ex PEL 110. The assets acquired included a 100% interest in the producing Worrior and Padulla oil fields. The portfolio also contains a number of properties that host a number of prospective appraisal and exploration opportunities. PPL 207 covers 6.4 square kilometers (km2) and contains the producing Worrior oil field. The Padulla Oilfield has cumulatively produced 0.52 million barrels of oil and is producing over 30 barrels of oil per day. Ex PEL 100 contains the Cleansweep oil discovery.
BAS - Bass Oil Ltd
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