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
Jura Energy Corporation (Jura) is an international energy company. The Company is engaged in the exploration, development and production of petroleum and natural gas properties in Pakistan. Jura’s activities are conducted in Pakistan through its subsidiaries, Frontier Holdings Ltd (FHL) and Spud Energy Pty Ltd (SEPL). Jura operates through two segments: oil and gas operations in Pakistan and corporate activities in Canada. The Pakistan segment is primarily focused on the sale of petroleum products in Pakistan. The Canada segment does not have any revenue generating operations. The Company’s area of operations/assets include Badin IV North, Badin IV South, Guddu, Kandra Exploration, Nareli, Sara Suri, Zamzama North, and Zarghun South.
JEC - Jura Energy Corp
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