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
Invictus Energy Limited is an Australia-based independent upstream oil and gas company. The Company is focused on energy resources in sub-Saharan Africa. Its asset portfolio consists of approximately 360,000 hectares within the Cabora Bassa Basin in Zimbabwe. The Company’s principal asset is SG 4571. SG 4571 covers approximately 250,000 acres located in the prospective portion of the Cabora Bassa Basin in northern Zimbabwe. SG 4571 and EPOs 1848/49 contain the Mukuyu and multiple Basin Margin prospects. The Company has offices in Harare, Zimbabwe. The Company’s subsidiaries include HIS Texas LLC, Invictus Energy Resources Pty Limited, Invictus Energy Mauritius Limited, Invictus Energy Resources Zimbabwe (Pvt) Ltd and Geo Associates (Pvt) Ltd.
IVZ - Invictus Energy Ltd
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