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
High Arctic Energy Services Inc. is a Canada-based energy services provider. The Company’s segments include Drilling Services and Ancillary Services. The Drilling Services segment consists of its drilling services in Papua New Guinea (PNG), including the provision of personnel to assist its customer’s drilling-related operations within the country. The Ancillary Services segment consists of the Company’s oilfield rental equipment in Canada and PNG, as well as its Canadian nitrogen services. In western Canada, it provides nitrogen services and pressure control equipment on a rental basis to exploration and production companies. In Papua New Guinea, it provides drilling and specialized well completion services and supplies rental equipment, including rig matting, camps, material handling and drilling support equipment.
HWO - High Arctic Energy Services Inc
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