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
Comet Ridge Limited is an energy company. The Company is focused on the development of natural gas resources for the east coast Australian market. It has tenement interests and a suite of prospective projects in Queensland. Its flagship gas project comprises the Mahalo Gas Hub assets located in central Queensland, 240 kilometers from the gas demand center of Gladstone. The Mahalo Gas Hub assets comprise the Mahalo Gas Project, which is an appraised coal seam gas project with gas reserves and petroleum leases. Its Northern Mahalo Projects comprise Mahalo North, Mahalo East, and Mahalo Far East. It holds an acreage position of approximately 4,998 square kilometers (km2) in the eastern part of the Galilee Basin. The Galilee Project has various prospects, including ATP 743, ATP 744, and ATP 1015. Its Mahalo North includes a project area of 450 square kilometers (km2). Its Mahalo East includes a project area of approximately 97 km2. Its Mahalo Far East includes a project area of 338 km2.
COI - Comet Ridge Ltd
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