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
Deep Energy Resources Limited is an India-based company, which is engaged in the business of conventional and unconventional oil and gas exploration and production. The Company provides air and gas compression, gas dehydration, work over, drilling and oil and gas exploration and production. The Company offers work-over and drilling services to exploration and production (E&P) players through its fleet of rigs. The Company holds North Karanpura CBM block through its subsidiary Prabha Energy Private Limited. It also provides coal bed methane and related engineering solutions. Its subsidiaries include Deep Energy LLC, Deep Natural Resources Limited and Prabha Energy Pvt Ltd.
DEEE - Deep Energy Resources Ltd
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