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
Doriemus PLC is a United Kingdom-based oil and gas exploration and production company. The Company has assets in the Weald Basin in Southern England and interests in the Horse Hill license and the Isle of Wight. The Company owns Horse Hill Developments Limited (HHDL), which owns 65% of two Petroleum Exploration and Development Licences (PEDL) PEDL137 and PEDL246 in the northern Weald Basin. The PEDL137 license covers approximately 99.29 square kilometer (km2) to the north of Gatwick Airport in Surrey. PEDL246 covers an area of approximately 43.58 km2 and lies immediately adjacent and to the east of PEDL137. The Isle of Wight PEDL331 Arreton license contains a discovery well, Arreton, plus several geologically similar prospects, Arreton South and North prospects.
DOR - Doriemus PLC
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