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
Black Mountain Energy Ltd is an Australia-based energy and resources company. The Company is engaged in natural gas exploration, development, and production. The Company is focused on identifying, developing, and operating projects in hydrocarbon-rich basins. It specializes in identifying and capturing opportunities in the global energy sector. The Company is developing petroleum exploration permit EP 371, known as Project Valhalla, in Western Australia’s Canning Basin region. It is developing an unconventional drilling approach and forging a path for natural gas extraction, unlocking project Valhalla in Washington’s (WAs) Canning Basin to create a new natural gas resource. The Company’s project Valhalla (EP371) is in the Fitzroy Trough, west of the Fitzroy River in WA’s north, about 2,500 kilometers from Perth. The permit area covers approximately 3,662 square kilometers (km2) in the Canning Basin.
BME - Black Mountain Energy Ltd
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