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
Carnarvon Energy Limited is an Australia-based oil and gas exploration, development and production company. Its projects include Dorado, Pavo, Future Energy Australia, Pepper, Taurus, Outtrim, Eagle, and Condor. Its Dorado project holds WA-435-P, WA-436-P, WA-437-P, and WA-438-P exploration permit in Roebuck Basin, which covers an area of approximately 21,652 square kilometers (km2), which is located approximately 110 kilometers (km) from the coast, offshore of Port Hedland in Western Australia. Its Pavo-1 exploration well is located approximately 46 kilometers east of Dorado at a water depth of approximately 88 meters. Its Buffalo project is located in the Bonaparte Basin, which covers an area of approximately 1342 km2. Its Taurus project holds WA-523-P exploration permit in Bonaparte Basin, which covers an area of approximately 2900 km2. Its Outtrim project holds WA-155-P (1) exploration permit in Carnarvon Basin. Its Pepper project holds EP 509 TP/29 Carnarvon Basin.
CVN - Carnarvon Energy Ltd
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