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
Mangistaumunaygaz AO (MMG AO) is a Kazakhstan-based company, which is active within the oil and gas industry. The Company and its subsidiaries are engaged in the exploration, extraction, transportation and process of oil and gas. Mangistaumunaygaz AO operates oil and gas deposits located on the territory of Western Kazakhstan. The Company develops 15 oil gas fields with total initial reserves of 969 million tons (6,783 million barrels). As of April 1, 2012, the Company’s major shareholder was Mangistau Investments B.V. with a stake of 99%.
MMGZ - Mangistaumunaygaz AO
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