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
Marksmen Energy Inc. is a Canada-based energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas properties, primarily located in Ohio, United States. The Company’s projects include Davis Holbrook, which is an oilfield property in Pickaway County, Ohio and the formation is the Cambrian Knox. The Company is the operator and holds a 75% working interest in the Holbrook Davis #2 and Davis #1 wells. The Company’s wholly owned subsidiary is Marksmen Energy USA, Inc.
MAH - Marksmen Energy Inc
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