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
Elixir Energy Limited is an Australia-based gas exploration and development company. The Company is primarily focused on coal bed methane (CBM) exploration and development in Mongolia, and tight gas appraisal in Queensland and green hydrogen production in Mongolia. The Company’s segments include Oil And Gas Exploration in Australia, Mongolia, the United States of America (USA); Clean Energy in Mongolia; and Solar Project in Mongolia. The Company has a 100% interest in the Nomgon IX CBM production sharing contract (PSC), located proximate to the Chinese border in Mongolia’s South Gobi region. The Nomgon Project is located on the Mongolian Chinese border, around 400 kilometers (km) north of China’s main gas transmission grid. The Nomgon Project license area covers approximately 30,000 square kilometers. It also focuses on the green hydrogen production project, Gobi H2 in the South of Mongolia. Its subsidiaries include Golden Horde Pty Ltd, GOH LLC, GOH Clean Energy LLC, among others.
EXR - Elixir Energy Ltd
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