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
NuVista Energy Ltd. is an oil and natural gas company. The Company is engaged in the exploration for, and the development and production of oil and natural gas reserves in Western Canadian Sedimentary Basin. The Company’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin. The Company holds rights in approximately 156,640 gross acres of land that are prospective for the Triassic Montney formation with an approximate working interest of 90%. The Company’s operating areas of Wapiti and Pipestone in the Montney formation is located near the City of Grande Prairie, Alberta, approximately 600 kilometers northwest of Calgary.
NVA - Nuvista Energy Ltd
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