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
Cue Energy Resources Limited is an Australia-based oil and gas production and exploration company. The Company has a diversified mix of gas and oil production assets in Australia, Indonesia, and New Zealand. In Australia, the Company has interests in three production assets (Mereenie, Palm Valley and Dingo fields) in the Amadeus Basin, onshore Northern Territory. The Mereenie field produces gas, which is transported through the Northern Gas pipeline to the Eastern Australia gas market. The Palm Valley field is about 100 kilometers (km) west of Alice Springs and produces gas, which is transported through the Amadeus and Northern Gas pipeline and sold into Northern Territory and Eastern Australia Gas Markets. The Dingo field produces gas, which is processed at the Brewer Estate processing facility. In New Zealand, it holds about 5% interest in Petroleum Mining Permit (PMP) 38160, which is in the Taranaki Basin. In Indonesia, it holds interests in Mahato PSC and Sampang PSC.
CUE - Cue Energy Resources 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.