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
Kiwetinohk Energy Corp. (Kiwetinohk) is a Canada-based energy transition company, which provides clean, reliable, dispatchable and affordable energy. The Company develops and produces natural gas and related products and is in the process of developing renewable power, natural gas-fired power, carbon capture and hydrogen clean energy projects. The Company’s upstream business unit is involved in the acquisition, exploration and production of petroleum and natural gas reserves in Western Canada, with a focus on liquids-rich natural gas properties. Its Green Energy business unit is pursuing greenfield and examining brownfield development opportunities across a diversified Alberta- based power generation project portfolio that includes clean, affordable, efficient, and reliable natural gas-fired power with carbon capture and sequestration and renewable power sources, including solar and wind.
KEC - Kiwetinohk Energy Corp
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