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
Petrus Resources Ltd. is a Canada-based oil and gas company. The operations of the Company consist of the acquisition, development, exploration, and exploitation in the western province of Alberta. The principal undertaking of Company is the investment in energy business-related assets. The Company has oil and natural gas development assets in its Ferrier, North Ferrier and Thorsby operating areas. Its core area, Ferrier, is a resource play. Ferrier is a liquids rich Cardium gas play. North Ferrier is an extension of its core Ferrier area. Its Thorsby asset is located in the central part of the province. Its properties located in the foothills of Alberta, are a more minor area for the Company. The Company owns oil and gas producing properties along the foothills trend in the vicinity of Hinton, stretching from light oil production in Cordel / Stolberg in the south to low decline natural gas production at Cabin Creek in the north. Kakwa is an early-stage Dunvegan oil play.
PRQ - Petrus Resources Ltd
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