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
Petrox Resources Corp. is a Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. The Company’s lands are focused on light oil plays in Western Canada. It has a 100% working interest in approximately 110 acres in the Nisku Formation (D-2H pool). It also has a 100% working interest in approximately 680 acres in the Tilston Formation with a production of approximately 24 barrels of oil equivalent per day (boe/d).
PTC - Petrox Resources Corp
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