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
Pine Cliff Energy Ltd. is a Canada-based natural gas and crude oil company. The Company is engaged in the acquisition, exploration, development and production of natural gas and oil in the Western Canadian Sedimentary Basin. The Company’s operating areas include Central Assets, Edson Assets, and Southern Assets. Central Assets include Ghost Pine and Viking/Camrose. Edson Assets include Mcleod River, and Pine Creek, Carrot Creek in the Western Canadian Sedimentary Basin. Southern Assets includes Monogram unit, Many Islands / Hatton properties, Pendor, Black Butte and Eagle Butte areas. It operates and sells the majority of its natural gas to the common Alberta natural gas price hub, AECO. The Company sells to four other gas markets, such as Aden, TEP, DAWN, and Empress.
PNE - Pine Cliff 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.