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
Carbon Minerals Limited is an Australia-based company that is engaged in the exploration of natural resources in the Commonwealth of Australia. The Company’s segments include Natural Resources exploration and Primary production. The Company holds Petroleum Exploration Licenses 1 and 12 in Gunnedah Basin Coal-Seam-Gas Project, located in New South Wales. These tenements are jointly held by the Company’s subsidiary, Australian Coalbed Methane Pty Limited (ACM) and Santos QNT Pty Ltd (Santos). ACM holds a 35% interest in the titles and Santos holds the remaining 65%. The Company’s exploration is carried out under a joint venture arrangement, with Santos being the project operator.
CRM - Carbon Minerals 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.