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 Stratus Energy Inc. is a Canada-based oil and gas company focused on Latin America. The Company is engaged in the acquisition, exploration, and development of oil and gas properties. It operates on three segments: Ecuador, Colombia, and Canada. The Company’s VMM-18 project is located at Cuenca Valle Medio del Magdalena in Colombia. It also holds a 35% operated working interest in the Service Contracts for the Blocks, which are located in the Orellana Province in the prolific Oriente Basin in Ecuador. The Blocks have accumulated primary production of approximately 373 million barrels of oil.
NSE - New Stratus Energy Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.