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
Central Petroleum Limited is an Australia-based oil and gas exploration and production company. The Company is focused on supplying reliable energy to Australians. Its diverse portfolio of producing and prospective gas tenements across the Northern Territory (NT) and Queensland. Its central portfolio encompasses opportunities within the Amadeus, Southern Georgina, Wiso, and Surat Basins. Its segments include Producing Assets, Development Assets, Exploration Assets, Unallocated Items and Performance Monitoring and Evaluation. Its Producing Assets segment is engaged in the production and sale of crude oil, natural gas, and associated petroleum products. Its Development Assets segment includes fields under development in preparation for the sale of petroleum products. Its Exploration Assets segment is engaged in the exploration and evaluation of permit areas. The Company’s production area is the Amadeus Basin where it produces oil and gas from its Mereenie, Palm Valley, and Dingo fields.
CTP - Central Petroleum Ltd
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