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
Jericho Energy Ventures Inc. is a Canada-based energy company. The Company owns, operates and develops both traditional hydrocarbon joint venture (JV) assets and advancing the low-carbon energy transition, with active investments in hydrogen. The Company’s principal activity is the acquisition, exploration, development and production of oil and natural gas fields in the United States of America. The Company’s wholly owned subsidiary, Hydrogen Technologies, delivers, patented, zero-emission boiler technology to the Commercial & Industrial heat and steam industry. It also holds strategic investments and board positions in H2U Technologies (electrocatalyst and low-cost electrolyzer platform) and Supercritical Solutions (developing high pressure, ultra-efficient electrolyzer). It also owns and operates long-held producing oil and gas JV assets in Oklahoma.
JEV - Jericho Energy Ventures Inc
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