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
Dorchester Minerals, L.P. is engaged in the acquisition, ownership, and administration of royalty properties. The Company owns various properties, such as royalty properties and net profits interest (NPI). It refers to these interests as Royalty Properties. The Company is an owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 28 states. It has mineral and royalty interests totaling approximately 7,984 gross acres and 1616 net royalty acres located in 13 counties and parishes across Louisiana, New Mexico, and Texas. The Company’s wholly owned subsidiaries include Dorchester Minerals Oklahoma LP, Dorchester Minerals Oklahoma GP, Inc., Maecenas Minerals LLP, Dorchester-Maecenas GP LLC, The Buffalo Co., A Limited Partnership, and DMLPTBC GP LLC.
DMLP - Dorchester Minerals LP
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