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
Empire Energy Group Limited is an Australia-based oil and gas company. The Company holds a 100% working interest and operatorship in approximately 28.9 million acres of petroleum exploration tenements across the McArthur Basin and its Beetaloo Sub-basin in the onshore Northern Territory, Australia. Its oil and gas production in New York State and Pennsylvania covers approximately 270,000 acres. The Company has three segments: US operations, Northern territory and Corporate. Its US operations segment includes all oil and gas operations located in the United States of America. The segment is engaged in the sale of oil and gas and operation of wells. The Northern territory segment includes all exploration and drilling activity of the Group in the Northern Territory, conducted through Imperial Oil & Gas Pty Limited and Imperial Oil & Gas A Pty Limited. It sells its oil and gas products primarily to owners of domestic pipelines, utilities and refiners located in Pennsylvania and New York.
EEG - Empire Energy Group Ltd
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