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
New Hope Corporation Limited is an Australia-based diversified energy company. The principal activities of the Company consist of the development and operation of coal mines, port handling and logistics, agriculture, and oil and gas development and production. The Company operates through three segments: Coal Mining in Queensland, Coal Mining in New South Wales, and Other. The Coal Mining in Queensland segment includes mining related production, processing, transportation, port operations and marketing. The Coal Mining in New South Wales segment includes mining related production, processing, transportation and marketing. The Other segment includes coal exploration, oil and gas related exploration, development, production and processing, pastoral operations and administration. Its Queensland Bulk Handling (QBH) is its coal export terminal. The Company’s subsidiary, Bridgeport Energy Limited, operates exploration tenements in the Cooper Basin, Surat Basin and Otway Basin.
NHC - New Hope Corporation Ltd
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