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
Botala Energy Limited is an Australia-based coal bed methane (CBM) exploration and development company. The Company is focused on developing the Serowe CBM Project located in Botswana in order to sell electricity and compressed natural gas. The Serowe CBM Project covers approximately 4,100 square kilometers (Km2) of CBM prospecting licenses in the Karoo-Kalahari Basin in Central Botswana. Its subsidiaries include Sharpay Enterprises (Pty) Ltd, Botsgas Botswana (Pty) Ltd, BotsHydrogen (Pty) Ltd and Botala Renewables (Pty) Ltd.
BTE - Botala Energy Ltd
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