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
Byron Energy Limited is an Australia-based independent oil and natural gas exploration and production company. The Company has operations in the shallow water offshore Louisiana in the Gulf of Mexico. The Company is an operator and holds approximately 50-100% working interest in a number of blocks in the Gulf of Mexico prospective for oil and gas. Its blocks are located in the shallow waters of the Outer Continental Shelf of the Gulf of Mexico, offshore Louisiana. The Company’s s portfolio of properties consists of South Marsh Island, which includes which includes Block 71, Block 58, Block 60, Block 66, Block 70, Block 57 and Block 59; Eugene Island, which includes Block 62, Block 63, Block 76 and Block 77; and Main Pass, which includes Block 293, Block 305 and Block 306.
BYE - Byron Energy Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.