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
Pieridae Energy Limited is a Canada-based integrated midstream and upstream energy company. The Company is focused on the exploration, extraction and processing of sweet and sour natural gas and natural gas liquids. Its footprint covers over 807,000 net acres in the foothills and makes up some of the conventional gas reservoirs in North America. It owns and operates three major sour gas processing complexes at Waterton, Caroline and Jumping Pound.
PEA - Pieridae Energy Ltd
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.