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
KMK Munay AO (formerly Lancaster Petroleum AO) is a Kazakhstan-based company engaged in the oil and gas industry. The Company’s main activities comprise the exploration and production of oil on the territory of the Republic of Kazakhstan. KMK Munay AO holds licenses and conducts exploration works on Kokzhide, Kumsay and Mortuk fields. As of July 1, 2012, the Company’s major shareholder was Yukon Energy Holding S.A. with a stake of 86.97%.
LNPT - KMK Munay AO
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